New functionality allows publishers to base reserve for returns on format (print, ebook, etc.) or sales type (wholesale, foreign, etc.).
- No reserve for returns on sales of ebook books.
- A 20% reserve for returns on sales to wholesalers & bookstores and 0% reserve on sales to online retailers and direct to consumer sales.
With our royalty software you can have a reserve rate that changes based on the royalty period. Some romance publishers withhold a 50% reserve during the first royalty period, 30% during the second, 15% during the third and no reserve during subsequent royalty statement periods. Why? For books the percentage of stock returned tends to be highest during the first statement period and declines thereafter.
This software update is free for licensed users of Easy Royalties.