How to Create Costs

How to Create Costs

Here we learn how to add expenses that are to be recouped from your artists’ royalties. Costs are rarely ever recouped by publishers, as such this feature is only available for Record Labels and Distributors.

Creating a Cost – Summary

To get started, go to the Costs page in your Sales directory and hit the +Create button on the top right of your Costs page.

1. Name your Cost – For your and your artist’s reference, provide a clear name.

2. Specify the Amount – Specify the original cost amount, in your Home Currency.

3. Specify the Date – The day you paid for this cost.

4. Specify the Type – Select the Cost Type that best describes your cost. The list of types you can choose from is customisable via your General Settings.

5. Specify the Territory – In which territory did you make this cost?

6. Specify the Target Period – In which Period would you like this Cost to be recouped? The Target Period is optional to complete but recommended for your own convenience. You can name this freely, but make sure to pick a consistent format and stick to it.

7. Provide an Invoice Number, a Description & attach a PDF invoice (Optional) – You can provide this for your own reference.

8. Map your Cost to a Contract or Catalogue – Specify who you want this cost to be recouped from. You can map your Cost directly to a Contract. Or you can map it to a Track or Release, in which case the Cost will be recouped from the Contracts attached to the Track or Release respectively, proportionally to their cost participation rate.

Don’t forget to make sure the Contract you are aiming to recoup your cost from has a Cost term specified, as this tells Curve whether this Cost should be recouped fully or partially from the artist share.

Alternatively to creating Costs via the interface, you can also import costs in bulk using our Cost template.

To follow our demo, upload the Curve Demo Costs.xlsx file using the Import button on the top right of your Costs page.

Now you’ve got everything set up, let’s bring everything together and run your first Period.