There's some good discussion (and input from Russ Fox, who seems to be quite knowledgeable on the subject) in this thread, as well as in a thread that is linked within this one:
http://forumserver.twoplustwo.com/18...1-1-a-1617340/
Just something to add to any accounting advice you get on your own. I've never been on the player side of it, I can definitely understand wanting to confirm everything before sending out large amounts. Thanks for the update.