Your monthly statement can be found by navigating to Accounting, then clicking on Statements. From Statements, you can select the year and month of the statement you would like to view.
When you click into a statement, you will see a summary at the top, and a more detailed breakdown at the bottom.
Here are some definitions to help you understand your statement better:
Opening Balance: This is the balance carried over from your previous statement. An Opening Balance will exist if your prior statement was negative, below the minimum threshold, or for some other reason it was not paid. For more information about your Opening Balance, check out this article.
Earnings: This is the total amount that you have earned in the given statement period.
Expenses: This amount represents the expenses processed during the given statement period. This amount is deducted from the opening balance and earnings.
Ending Balance: This is the net balance of your account for that specific reporting period. It takes into account the revenue you have earned from streams and other activities, expenses, and any balance that was carried forward from your last statement.
Your Payment: This is the amount that Create Music Group will pay you. This amount depends on the ending balance amount and whether or not you are properly set up in Tipalti. For example, if your ending balance is below the minimum threshold of $100, then Your Payment will be $0. You will be paid once your Ending Balance reaches $100.
Payment Status:
Paid: This means that the 'Your Payment' amount was paid to you. Note, sometimes it takes 3-5 days to appear in your bank account.
Awaiting Payment: This means that the payment is processing. You don't have to take any action, it will update when it has been paid.
Details Required: This means that the statement cannot be paid because the payment method is incorrect or has not been set up. Contact us via chat to get your payment method updated.
Payment not required: This means that the statement does not require payment as the total balance is below the minimum threshold, or negative.
Statement Breakdowns:
You can view a breakdown of your earnings for the statement period by:
Release
Track
Asset
DSPs
Downloads:
Depending on your statement type and content, you are able to download the following reports:
Royalties:
Get the details around the source of revenue generated for this statement from your catalog.
Asset Report:
Get the royalties earned this statement grouped by assets.
Track Report:
Get the royalties earned this statement grouped by tracks.
Sales & Expenses:
Get a detailed description of each sale or expense item that has been allocated for the selected statement.