Soundrop has fully integrated accounting and statistics across all accounts and releases. This guide will help with navigating these sections of your account and will break down what is displayed.
The first main thing you'll notice when logging into your account is the "Monthly Revenue" graph under "Dashboard" on your starting page.
This displays all earnings from our digital partners on a month-by-month basis. This will look different from the actual payments that are issued, as each payment is related to different months of sales reports.
Here is how long it takes for our partners to report sales:
- iTunes (downloads) - 2 months
- Apple Music / Deezer / Spotify - 3 months
- Amazon - 3-4 months
Looking at this example, we can see that February is significantly less than the previous months, but that's not necessarily due to a lack of revenue coming in. At the time of this article (May 4th), the last statement that was issued was in April, which contained only download sales for February, streaming sales for January, and Amazon sales for December / January. Since this artist makes the majority of money from streaming revenue, February's revenue on this graph will increase significantly once May's statement has been processed (which will contain download sales for March, streaming revenue for February, and Amazon sales from January / February).
Starting August 2nd we will start charging a processing fee of $0.99 per track. This fee also includes cover song licensing! 😻 Between now and August 2nd, if you have original tracks - there is no fee. If you have cover songs, there is a licensing fee of $9.99 per cover song.
You won't be able to see a record of the releases you've paid for in your account so make sure you save your email receipts!
To check your transactions, which includes all revenue statements (sales reports from our digital partners) & payments, click "Transactions" on the left sidebar.
Each monthly statement will have the date listed as the first of the month, so February 1st, 2017 would be February's revenue statement. Just to the right of the statement is a drop-down menu titled "Options". From there you may view the statement & stats (via "View details") or download the raw data in a spreadsheet format. If you click "View details" you'll be taken to the statement summary page.
From here, you'll see the types of revenue that have reported earnings, including:
- Subscription streaming (when a subscriber of a streaming service plays a song)
- Ad-supported streaming (when a "free" user of a service like Spotify plays a song)
- Track / Album / Single downloads (when someone purchases a download on iTunes / Amazon)
- Locker Service (a small amount of money is generated when someone downloads a track they had previously purchased through iTunes / Amazon)
- Unmonetized (this is related to users that have a "free" accounts)
You'll also see any deductions, which contain any mechanical royalties that are paid out for your cover songs. Curious about how mechanical royalties are taken out when a purchase is made? Click here!
To view the stats, hover over one of the entries and click on "View Details" under Options.
On the next page, you will have two tabs: Summary and Stats. The default is summary so just click on over to the "Stats" tab
The Stats tab will take you to the "Top stats" for the statement. From there you will see your artists / releases / tracks / record labels / services broken down from highest to lowest.
Clicking "View: Top stats" will allow you to change the view to "All stats", which will allow for a variety of different filters. Give it a shot!