How often do you send out royalty payments?
The Quarterly Schedule is as follows:
Sales Period: January 1 through March 31
Sales Period: April 1 through June 30
Sales Period: July 1 through September 30
Sales Period: October 1 through Dec. 31
There is a reason for the gap between when the quarter ends and when the payment is made. This is due to the delay in retail sales being reported to us by the distributors. They send this information to us 4 to 6 weeks after the close of each quarter. We then compile those sales with the Xlibris NZ sales for the quarter and audit the report 3 times before creating the report. To have an idea of how your book is selling during a quarter, you can always log on to your Author Center account to view sales through Xlibris NZ. However, sales placed directly through the distributor will not be listed on the Xlibris NZ page, as they are only reported to us quarterly.