How do I track royalties and income from my songwriting?
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Steps to Track Your Royalties and Income
1. Register With a PRO
- Join ASCAP, BMI, SESAC (U.S.) or your local PRO
- Register all your songs with accurate metadata
- PROs collect and distribute performance royalties
2. Use Royalty Tracking Services
- Platforms like Songtrust, Disco, SoundExchange, and TuneRegistry help monitor multiple royalty sources
- Some PROs provide online portals to check earnings and song activity
3. Monitor Digital Platforms
- Spotify for Artists, Apple Music for Artists, and YouTube Content ID give insights into streams and revenue
- Sync licensing platforms may provide separate dashboards
4. Keep Detailed Records
- Maintain spreadsheets or software tracking:
- Song titles
- Split percentages
- Publishing deals
- Placement dates
- Income sources and amounts
- This helps during tax time and when reconciling statements
5. Review Statements Regularly
- PRO statements arrive quarterly or semi-annually
- Cross-check with your own data for accuracy
- Contact PROs or publishers if discrepancies arise
Pro Tips
- Know which royalties you’re entitled to: performance, mechanical, sync, print, etc.
- Understand your contracts and splits clearly
- Consider hiring a music business consultant or accountant if your catalog grows large
Takeaway:
Royalty tracking is essential for maximizing your earnings. Register properly, use tech tools, stay organized, and review often to ensure you’re paid fully and promptly.