Royalties and co-production payments in music and movies

Filmmaker

Hi waves specialists.
I have a question regarding a particular case.
I've made a movie with people that have worked for a % of the benefice.
Actors, technicians...etc.
Some of them have companies, so they can invoice, some of them don't.
How can I pay these ones?
Can I send out a payment without an invoice?
Can they be considered receiving royalties?
My company is in the UK but they are in different countries.

Thanks in advance.

All the best.

ConnorM

Hey @Filmmaker! Thanks for reaching out here! Great question. As far as tracking payments for royalties to those involved in the film, you may want to check in with an accountant to see what the best way of paying these out/tracking these would be. If they can invoice you, that's fantastic, but you might want to discuss with those particular people what the most appropriate way for these payments to be set up is!

Filmmaker

Thanks ConnorM, I've heard from an accounting forum that individual can also invoice and that maybe the bank statement could be enough...