clayc
November 3, 2023, 8:44am
6
Hi we have a question related to bandcamp as well . Would be interesting to see how you are using manager to account for accrued fees related to your releases.
Hello, we are using a third party online store - Bandcamp. They charge 15% on digital and physical product, however they only collect the owed fees when a digital sale goes through.
So for example, a vinyl record (song release 1) sells - the ‘assessed fee’ is deferred/owed, and we receive the full sale amount. If we make a few vinyl sales, a backlog of owed fees grows. Later, a digital sale goes through (song release 2) and Bandcamp take a proportion of the owed fees from that sale. Sometim…