Why does it take so long for iUniverse to post sales from Ingram or other retail bookstores?
All companies have a month-end close process to collect and validate financial information, and iUniverse is no exception. At the close of each month, iUniverse must collect sales and printing information from each of our business partners. We reconcile book orders and book sales with printing information to ensure that every single copy that is printed is accounted for. Then, we consolidate sales from many different sources into a single monthly statement for each author. Collecting information from our partners generally takes one week. It takes an additional two weeks for the iUniverse finance department to reconcile the information and formally close the month. Once the financial information is consolidated, it takes another week to prepare and post monthly statements. It is important to remember that the monthly statements are not final, however, because information posts to them as it is received. This process may take time, but we think it’s essential to provide you with informa
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- Why does it take so long for iUniverse to post sales from Ingram or other retail bookstores?
