Streamline Your Finances: The Accounting Suite for Labels and Artists
In the fast-paced world of the music industry, the allure of the next big idea often steals the spotlight, leaving essential administrative tasks like accounting languishing in the background. At Cygnus Music, we understand the importance of balancing creativity with organisation, which is why we’ve developed the Cygnus Music Accounting Suite—a comprehensive solution tailored to the unique needs of Labels and Artists.
Say goodbye to the chaos of managing finances and hello to a streamlined accounting process. Our Accounting Suite, crafted in collaboration with industry experts and feedback from our valued clients, is designed to intuitively handle all your accounting needs. And the best part? It’s completely free for our clients, allowing you to focus on the next big idea.
With features like fast payments directly to artists, intuitive visualisation of financial summaries, and detailed reporting, the Cygnus Music Accounting Suite empowers labels and artists alike to take full control of their finances. We understand that every partnership is unique, which is why we’ve incorporated special features for added flexibility.
Our bespoke Royalty Splits section simplifies mass account management, while still allowing for custom adjustments as needed. Additional contributors can easily be added, ensuring that everyone gets their fair share. Plus, our Costs and Credits module takes the headache out of accounting for additional expenses and credits, allowing labels to manage their finances with ease. Whether you’re adjusting for mastering costs, external credits, or advances on royalties, this powerful yet straightforward module puts you in control.
With customisable Accounting Runs and functionality tailored to your specific needs, the Cygnus Music Accounting Suite fosters greater collaboration between labels and artists, allowing you to focus on creating and releasing exceptional music.
With total choice over accounting periods, and the ability to communicate with artists with direct notifications, labels can easily manage payments. Payments are processed every Tuesday and Thursday, ensuring timely and consistent transactions. Labels can also seamlessly invite their Artists into the suite to input their details, offering a flexible range of payment options including Bacs, PayPal and Cryptocurrency.
So, the next time inspiration strikes and your creative juices are flowing, rest assured that the Cygnus Music Accounting Suite has your back, ensuring that your finances are in order every step of the way.
Written by Rob Grady – Royalty & YouTube Assistant at Cygnus Music
