Creating company options

  1. Select Financials > Franchise Billing > Setup Franchise Billing.
  2. On the Franchise Companies tab, click Create.
  3. Specify this information:
    Company
    Specify the company number for the company for which you want to define processing options.
    Current Year
    Specify the current fiscal calendar year you defined on the billing calendar or on the sales calendar.
    Note:  This value represents the primary calendar that the solution uses for cycle processing.
    Calendar
    Select the calendar date.
    Prepayment Cash Code
    Specify the cash code that identifies the cash account used when adding a note prepayment.
    Note:  The cash code is automatically assigned to note prepayments for the debit to cash.
    CR Memo Reason Code
    Select the credit memo reason code.
    Allow Negative Sales
    Select this option to allow negative sales.
    Advance Cycle Date For No Activity
    Select this option to automatically advance the cycle date if no activity was made on the selected date.
    Calculate Tax On Net Sales
    Select this option to calculate tax on the net sales of the company.
  4. In the Billing Defaults column, specify this information:
    Process Level
    Specify a valid process level. The process level is the reporting hierarchy below the company.
    Inventory Location
    Select a valid stocking location.
    Note:  Specify the stocking location for the company on the Location page. This value is assigned to all invoices that are created when you run Invoice Interface.
    UOM
    Select a valid default stock unit of measure.
    Note:  This value is define for this company on the Corporate Item Group page. It is assigned to all invoices that are created when you run Invoice Interface.
  5. In the Billing Invoice column, specify this information:
    Type
    Specify the default invoice type.
    Note:  Do not select an invoice type that is a credit. The credit invoice type is determined by selecting Yes or No in the Credit field on the Invoice Types page.
    Prefix
    Specify a user-defined invoice prefix.
    Note:  The invoice prefix value you specify must uniquely identify invoices originating from Franchise Billing.
  6. In the Credit Memo column, specify this information:
    Type
    Select a credit memo for which to issue an adjustment to a franchisee.
    Prefix
    Specify a user-defined, two-character prefix that will precede the credit memo number for all credit memos created.
    Note:  The credit memo prefix is assigned from either the company or process level, depending on an invoicing option established for the company.
  7. In the Aggregate Sales column, specify this information:
    All Contracts
    If you select Yes, then sales data is recorded for all contracts for the purpose of calculating sales-based charges. If you select No, then you must determine, at the contract level, which franchisees will use this processing option.
    By Date
    If you select Yes, you can specify a predefined date on the Sales Entry page. The predefined date is used to record sales data for calculating sales-based charges.
  8. Click Save.