Royalty report

Royalty report: A royalty report is the complete periodic submission a licensee makes to a licensor under a licensing agreement: the royalty statement that states what is owed, together with the sales detail and supporting schedules the agreement requires so the licensor can test that figure. The royalty statement is the summary document — gross sales, deductions, net sales, rate, royalty amount, advance and guarantee position, adjustments and net due for the period, in the format the licensor specifies. The royalty report is the statement plus its evidence: line-level royalty-bearing sales by style or SKU, category, channel, customer and territory; per-unit royalty lines with their unit counts; schedules the agreement names separately, such as gratis units against their cap or a marketing fund contribution; adjustment lines attributed to the prior periods they correct; and the officer's certification. In everyday use the two words name the same submission, and little rides on the difference until a licensor's portal asks for both files or an auditor asks for the detail behind a total.

The distinction matters because the two fail differently. A statement can foot and still be wrong — every figure on it can agree with every other while a whole sales feed never reached the calculation — and only the line detail in the report exposes that, because it lets the licensor compare what was declared against what it sees at retail, and lets the licensee reconcile total licensed-product sales to what it reported. The report's granularity is therefore set by the licensor's template, not by what the licensee finds convenient to export. The phrase also runs in the other direction: a licensor compiles its own royalty reports from the statements its licensees submit, which is a different document built for a different reader. On this site, royalty report means the licensee's submission unless stated otherwise.