Author Royalties: Frequently asked questions
When are Policy Press royalty statements provided?
We supply annual royalty and sales statements within 3 months of our end of financial year (31st July).
When will I be paid?
If you are a UK based author due money we will send you a cheque in settlement with your statement.
If based overseas we will send your statement and request that you complete a bank account transfer form. Payment will then be made directly into your bank account on receipt of the completed form.
How will I be paid?
Either by cheque or bank transfer.
At present the University of Bristol finance office are unable to make direct bank account payments to UK bank accounts. Therefore you will receive a cheque in settlement. We can pay by bank transfer to a nominated overseas bank account. Please provide details on the bank account transfer form.
How do I let Policy Press know of any change in details or circumstances?
What does my royalty statement show?
Each statement comprises of three parts:
1) Payee summary;
2) Title details – Royalty earnings section;
3) Remittance advice.
These show the sales for your title/s, any brought forward or advance amounts, any costs incurred and any money due to you for the period that the statement covers.
What is shown in the Payee summary?
This part of the statement shows each title and each version of that title you have published with Policy Press. This will include the print and e-book editions of the title, which are listed by ISBN. This summary will also include any advance payments that have been paid to you under your book contract.
Why is there more than one entry for EBK (ebooks) on the payee summary?
We provide different ebook files for the different digital sales markets and they are identified by a separate ISBN, but have the same EBK format code on this part of the statement.
What do the 'Life to date' figures refer to in the payee summary?
At present the life to date figures on your payee summary only relate to any sales revenue paid to you for the period of August 2011 onwards, or since the publication date of your book. These also include the current statement period.
What do the 'Period activity' revenue figures show in the payee summary?
This section shows any brought forward figures from the previous statement period and the sales revenue earned for the current statement period.
What does the 'Current position' section show in the payee summary?
This shows the royalty revenue earned for each title. A total payment due figure is shown at the end of the payee summary. This amount is transferred to the remittance advice where any costs are deducted before a final net payment balance is shown.
What is the 'Title detail – Royalty earnings' section of the royalty statement?
This displays each different version of your title. Where relevant you will see the paperback, hardback and ebook details shown separately with sales and revenue recorded for each.
What are the 'Life to date' figures in the 'Title detail – Royalty earnings' section of the royalty statement?
The gross and net units shown here are the total number of units sold of your book since publication. There are gross and net units, to reflect any complimentary copies sent from our distributors.
The amount received figure is the revenue received for the sale of each version of your book since August 2011. Due to limitations of our new system we are unable to show a full revenue figure since publication.
The total revenue column shows the total royalty amount due for each version since August 2011. The Payee share column shows your individual royalty earnings. If you are the sole author or editor you will receive 100% of the total revenue amount. This same value will then also show in the payee share.
What are the 'Period activity' details in the 'Title detail – Royalty earnings' section of the royalty statement?
All the details in this section relate to the period of the statement only and are completed with the payee share revenue amount showing in the far column.
Why does the 'Title detail – Royalty earnings' section show sales and revenue but no payee share?
This will be dependent upon the terms of your contract. For the majority of authors a minimum sales figure will need to be reached before money is due to be paid.
What is shown on the 'Remittance advice' section of my royalty statement?
This will show you the figures from the other sections in the statement in one place. The net payment shown on the remittance advice is the amount due to you for this year.
Any charges against your royalty contract will be shown on this page, with relation to index or other costs as agreed in your contract. Advance payments made are only shown in the Payee summary, but reflected in the current statement figure.
Why haven’t I received a Remittance advice?
This is because there are no monies payable or costs to be deducted for this period. You will receive only the the Payee summary and Title detail sections.
What is the period covered by the statement?
The period ending date in the heading of the statement relates to the end of the 12 months covered in that statement. E.g. Period ending 31 July 2015 relates to sales and revenue earned over the period from 01 August 2014 – 31 July 2015.