I run a music company doing distribution for over 200 artists. The revenue for their distribution is collected quarterly and sent to me with a breakdown of what each artist earned. If they earned $10 or more they are sent a payment via PayPal. If it's less it is tracked and added to the next quarter and the next until they hit $10 and get paid. Because some of the revenue comes from streaming some artists might only earn a few cents in a quarter. Most artists earn under $10, a fair number earn $10-$20 while about 5 earn $50 or more. Obviously we're not talking huge numbers.
Is there a banking or investment account that I can open as a single account but where the individual deposits and interest or earnings for each artist can be tracked?
Submitted February 01, 2017 at 11:31PM by Chaosmusic http://ift.tt/2k1m9PC
