Comments on: Chart of Accounts and Plant Costs http://gropenassoc.com/blog/2008/03/chart-of-accounts-and-plant-costs/ Discussion, issues and answers for the independent publishing community, hosted by Marion Gropen Sun, 01 Aug 2010 22:29:16 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Setting Up Quickbooks Part One: Getting Started | BEST TAX RELIEF ATTORNEY http://gropenassoc.com/blog/2008/03/chart-of-accounts-and-plant-costs/comment-page-1/#comment-16417 Setting Up Quickbooks Part One: Getting Started | BEST TAX RELIEF ATTORNEY Mon, 02 Nov 2009 03:08:44 +0000 http://gropenassoc.com/blog/?p=43#comment-16417 [...] Chart of Accounts and Plant Costs « The Profitable Publisher [...] [...] Chart of Accounts and Plant Costs « The Profitable Publisher [...]

]]> By: PublishingGuide http://gropenassoc.com/blog/2008/03/chart-of-accounts-and-plant-costs/comment-page-1/#comment-5759 PublishingGuide Wed, 18 Jun 2008 14:17:50 +0000 http://gropenassoc.com/blog/?p=43#comment-5759 The phrase isn't "plain cost," but "planT cost." Co-publishing can mean so many things. If I understand your comment correctly, I think that you are purchasing the subsidiary right (license) to publish a book in Taiwan. If so, and if you are contracting for the right before the original title is published, then you might be asked to share in the costs of producing the book in its original language and country. Some of those costs could be plant costs. This is not a common case. When your bring out your edition, you will also have your own plant costs: the cost of the license will, however, almost certainly be a royalty, rather than a fixed fee, and thus NOT a plant cost. But your design, and editorial work on any translation WOULD be plant costs. (The translation might be for a fixed fee -- plant, or for royalties -- not plant.) If the cost doesn't change with the number of copies you print or sell, then it's plant. Otherwise, it's either PPB or royalties, or perhaps not a Cost of Goods Sold at all. Does that help? The phrase isn’t “plain cost,” but “planT cost.”

Co-publishing can mean so many things. If I understand your comment correctly, I think that you are purchasing the subsidiary right (license) to publish a book in Taiwan. If so, and if you are contracting for the right before the original title is published, then you might be asked to share in the costs of producing the book in its original language and country. Some of those costs could be plant costs. This is not a common case.

When your bring out your edition, you will also have your own plant costs: the cost of the license will, however, almost certainly be a royalty, rather than a fixed fee, and thus NOT a plant cost. But your design, and editorial work on any translation WOULD be plant costs. (The translation might be for a fixed fee — plant, or for royalties — not plant.)

If the cost doesn’t change with the number of copies you print or sell, then it’s plant. Otherwise, it’s either PPB or royalties, or perhaps not a Cost of Goods Sold at all.

Does that help?

]]> By: allie http://gropenassoc.com/blog/2008/03/chart-of-accounts-and-plant-costs/comment-page-1/#comment-5645 allie Sat, 14 Jun 2008 08:28:42 +0000 http://gropenassoc.com/blog/?p=43#comment-5645 Hi, I come across your blog while searching "plant cost". Could you explain more about "plain cost"? If a book is published under the way of "co-publication", so the licensee has to pay "plain cost" to the licensor, right? We are a publisher in Taiwan and I handle rights & permissions affairs. Hi, I come across your blog while searching “plant cost”. Could you explain more about “plain cost”? If a book is published under the way of “co-publication”, so the licensee has to pay “plain cost” to the licensor, right? We are a publisher in Taiwan and I handle rights & permissions affairs.

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