Payees are simply who you pay your royalties to – whether this is an artist, composer or any other 3rd party. Please watch our introduction to Payees. We provide further notes and reading below the video.
PAYEES SUMMARY
Each person or organisation that you wish to send statements to will need their own Payee. The use of a Payee is that (1) you can link multiple Contracts so that all the statements from these different Contracts are collected in the same portal, and (2) you can link multiple Users to this Payee so that multiple people such as managers, employees or additional band members can all have access to the same portal with their own Curve account.
When creating a Payee, you essentially create a Curve portal. You can create Payees either via the interface on Curve, or in bulk via the Payees excel template.
Add Payees via the Interface
You access Payees via the sidebar, under the Contracts sub-menu, and then hit Payees. Within the Payees Index page, you can search through your Payees, Import or Export Payee data via Excel, and Deleting and Creating new Payees.
1. Create your Payee & give them a name – Each payment beneficiary will need their own Payee. If you represent a band & you account to them separately, each band member will need their own Payee. If your band prefers to be paid as one organisation, you will need just one Payee.
2. If you need to add or withhold tax on the Payee’s royalties, specify the Tax Info – Only required if you wish to add or withhold tax from the royalties on your Payee’s behalf. For more information on how this tax info affects your royalty accounting process, please visit the Payees chapter in our documentation.
3. Provide additional information for your own reference (optional) – Any other information such as the address, contact email, bank details; are all optional for you to complete. They do not affect the royalty accounting process but may be useful for you to keep on hand on the Curve platform.
Once your Payee is complete, hit Save in the top right corner. For more information on the meaning of every single field on your Payee page, please visit the Payees chapter in our documentation.
Add Payees via the Excel templates
As we discussed in our explanation of the onboarding process, metadata can be imported in bulk using the Excel templates. You can create Payees in bulk using our Payees Excel template. Each row in this template represents one Payee, and each column represents a field in the interface. Once you have completed your Payees template, you can import your data onto Curve using the Import button on the Payees page. Once you receive a notification confirming the Payee import is complete, refresh your page and the Payees will appear.
For more information on Payees, please visit the Payees chapter in our documentation. Once your Payees are complete, please follow us to the next step of the onboarding process: creating your Contracts.