Publishers still insist on
sending royalty statements once every six months.
I was responding to this at the bottom of your post: «Publishers still insist on
sending royalty statements once every six months.
We'll
send you a royalty statement accompanied by a check on a quarterly schedule.
Not exact matches
And chances are the traditional publisher has forgotten to
send you even the
royalty statements.
I'm willing to
send Howey and his team my
royalty statements for months in order to help them come up with that estimate, and my guess is he could find many multiple authors who would be equally willing.
Now fiction agents are far too busy to chase money, or check
royalty statements for their clients to see if the math is correct, or even bother to
send the money along to their clients.
However, if your query comes in on a week when five of my clients
sent proposals or manuscripts for me to review and three publishers
sent contracts for me to review and
royalty statements come in I'm not going to get to any queries for a couple of weeks.
Another reader
sent me this link from Agent Kristin Nelson's blog on
royalty statements: http://nelsonagency.com/2015/07/guest-post-by-angie-hodapp-authors-do-you-know-where-your-money-is/
Those
statements are
sent three months to six months after the end of the
royalty period, so the numbers the writer is seeing are often a year old.
And go ahead, try to figure out a
royalty statement (if your agent bothers to
send them to you.)
Short form contracts do often include quite a few important clauses, such as grants of rights,
royalty statements (and
royalty levels), and when the publisher has to
send royalty checks.
If an author's book sales earn $ 10.00 or more in
royalties within a fiscal year, we will
send author a 1099
statement.
Yes, it also means that you can look at your
royalties and know what's coming, as opposed to waiting and praying that the legacy publishing houses remember to
send the check with the
royalty statement, and that the two match, and that the two reflect reality.
In addition, you can create and
send out e-
statements (electronic
royalty statements).
Presumably EC issued
royalty statements and it should disclose financial records (which it has been dodging) proving that payments have been
sent.