Profit sharing: Calculate profit-sharing agreements
Schilling will soon introduce support for profit-sharing agreements. The new function will enable Schilling users to calculate all income and expenses of a project and then split the surplus between the publisher and the author(s). The calculations can be made on a single publication project or on multiple projects and works.
The new module will enable users to create the agreement terms and the contract in the ordinary workflow in Schilling Rights – or enter them directly into Schilling Royalty. Calculate the financial status of the agreements on a regular basis to put due royalties aside and create statements for all the recipients.