License and Royalty Costs
Money
The total amount paid for licenses (e.g., software) and royalties (payments made to stakeholders for using their assets). Keeping track helps ensure budgetary compliance and understand the cost of partnerships or asset usage.
Formula
Sum of all license fees + royalties paid
Example
If a company pays $10,000 for software licenses and $5,000 in royalty fees, the total would be $15,000.