Accountings
11.0 Accountings
Usually, the first few accounting statements received by the writer will not be accompanied by a cheque because the writer’s account will remain unrecouped (this state of affairs will often continue for an extended period and in many cases indefinitely). This does not mean that the statements may be discarded. The writer should always ensure that the publisher accounts promptly on the due date and those statements should always be checked. If the writer is unwilling to do so or does not feel adequately qualified for this purpose then the manager or lawyer should check them for any obvious errors. Statements should then be referred to the writer’s accountant and the accountant should be reminded to check any objection periods in the publishing agreement to ensure that no audit rights are lost.