Publishers Accounts, Including a Consideration of Copy-Right, and the Valuation of Literary Property (Classic Reprint)
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Excerpt from Publishers Accounts, Including a Consideration of Copy-Right, and the Valuation of Literary Property
The general inadequacy of the systems of accounts in use by many publishers to meet the exigencies of the business has induced the author to undertake the following small work in the hope that some hints will be gathered therefrom which may be conducive to the establishment of a thoroughgoing system.
In no business more than the one in question does the necessity exist of maintaining a proper record of transactions, and, moreover, one which must possess at the same time the qualities of efficiency of detail involving only a minimum of labour.
And yet, to my own personal knowledge, some of the firms never even balance their books at all, and the inaccuracy of some of the results obtained has only been exceeded by their extreme and manifest absurdity.
The fact that the interests of the author are closely involved with those of tho publisher and that tho accounts rendered by the latter arc to be accepted with confidence and good faith by the former, adds further to the necessity of accurate and adequate bookkeeping.
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