Co-writing has always been around. But in recent years, with the rise of faster publishing it’s become more popular. One of the drawbacks of co-authoring for Indies is the lack of technology to help with royalty sharing and royalty payments. Until now. PublishDrive has launched a new royalty share system for co-authors which makes sharing royalties simple and pain-free.
Abacus – PublishDrive’s new royalty share system for co-authors – is a robust standalone royalty splitting service for authors who distribute directly to Amazon and other retailers. When it comes to collaborative projects, independent authors and publishers are faced with a constant struggle: they lack a streamlined way to manage royalty calculation and data sharing among contributors.
The New Royalty Share System
PublishDrive’s new service, Abacus for Co-Authors, provides the perfect solution. Abacus calculates royalties for co-authored books published directly through Amazon’s KDP (including Kindle Unlimited books). It also generates detailed royalty reports and streamlines co-author accounting. This much-needed solution will make it easy to manage the financial side of collaborative projects, such as small press anthologies or sci-fi novels with shared universes.
For ultimate convenience, Abacus uses imported KDP data, so no changes to authors’ books or KDP accounts are required. Any additional costs and revenue streams occurring outside of the KDP platform can be manually added, allowing authors to calculate their entire income and expenditures for all formats (print, audiobooks, and ebooks).
From the CEO of PublishDrive
PublishDrive’s CEO, Kinga Jentetics stated, “Abacus is rooted in PublishDrive’s long-term vision: to help all authors focus on their writing instead of administrative tasks. Abacus was also designed with transparency in mind, which is a core value of the indie publishing community. This service enables authors to manage accounting for collaborative projects in an efficient manner that is transparent for all contributors involved.”
Jentetics added that many of Abacus’ features were developed based on input from LMBPN® Publishing.
She stated, “PublishDrive is proud to have developed Abacus with the help of Michael Anderle and LMBPN® Publishing, who are true pioneers of indie publishing and continue to shape the industry.”
This announcement comes just a few months after the release of Team Royalties, which pays out co-author royalties for books distributed to retailers through PublishDrive. Abacus was designed to serve authors who distribute directly to retailers (including authors enrolled in KDP Select) and need a reliable method for calculating co-author royalties and sharing data among contributors.
Abacus is also the first service from PublishDrive offered as a standalone product, marking the company’s transition toward becoming a full-service platform for authors and publishers.
Until August 12, 2019, the full version of Abacus will be available for free during its beta period. Those interested in trying out the service can register here.
For those who haven’t heard of PublishDrive, it’s a self-publishing platform for indie authors and publishers who are rewriting the rules of publishing. We saw the need for a streamlined path to self-publishing, so our team developed one of the most robust solutions for distributing books globally, marketing strategically, and empowering authors and publishers to write more and worry less. Services include: distribution to 400+ online stores and thousands of sales channels in the US and internationally, free ebook conversion, marketing tools, royalty splitting for co-authors, and more. PublishDrive originally launched in Hungary, but is now a US-based company and maintains offices in both New York and Budapest.Big news, @PublishDrive has launched a new royalty split system for co-authors which makes sharing royalties simple and pain-free. #selfpublishing #IARTG #ASMRG #amwriting #writingcommunity Click To Tweet
OVER TO YOU
Are you a co-author? If so, how have you found splitting royalty payments? What do you think of their new royalty share system?
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