Franchise Billing process flow
This section takes a closer look at setting up Franchise Billing and using it to monitor franchise activity, record franchise sales and franchise charges, update franchise prepayments and create invoice records, and generate reports.
Franchise Billing is comprised of these main proesses:
| Process | Description |
|---|---|
| Setup | When setting up Franchise Billing, consider the business-partner relationship
between a franchiser, the company, and franchisee, the customer. You must determine when routine contract invoicing, posting, and reporting can occur. Define standard charges that franchisers can apply to standard contracts or to customer contracts. Set up and activate contracts that are used to define the financial terms and charges of the business relationship. Define customer contract charges to assign to sales entry records. See the Financials Setup and Administration Guide. |
| Processing | During daily processing, record customer sales amounts
and note prepayments. Periodically, you can run reports to help monitor
preliminary sales and variances between customer-submitted and
system-calculated contract pricing. You can create estimated charges for
customers who have not submitted remittance data for the sales cycle. At user-defined intervals, you can create invoice interface records that you transfer to Billing for invoicing. Use the Receivables solution to process invoice payments and account statements. At cycle end, use Franchise Billing to close the cycle. |
| Reporting | You can use Franchise Billing to generate reports and inquiries about contract performance and note balances. |