Creating standard sales-based charges
- Select Financials > Franchise Billing > Setup Franchise Billing.
- On the Standard Charges tab, select Create Menu > Create Sales Based Charge.
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Specify this information:
- Company
- Specify the company number of the company for which you want to create sales-based charges.
- Charge
- If you are adding a new charge, specify a charge identifier. If you are searching for an existing charge, specify a valid standard sales-based charge.
- Currency
- Specify the company base currency code.
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In the Options section, specify this information:
- Frequency
- Select the frequency of the charge. Note: You can select any frequency. These charges can be copied when you create customer contracts.
- Process Level
- Specify a valid process level. Note: A process level must be specified for invoice creation. This value is assigned to all invoices that are created on the Invoice Interface page. You define a process level on the Process Level page. In Franchise Billing, process level is used for reporting, not processing.
- Taxable
- Select whether the charge is taxable.
- Tax Code
- Specify a valid tax code that represents specific tax information.
- Sliding Scale
- Select to define a sliding scale for a standard sales-based charge. The Franchise Charge Sliding Scale page is displayed where you can specify the base amount, scale option, and step limits.
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In the Amounts section, specify this information:
- Minimum Amount
- Specify the user-defined minimum cyclical sales-based charge
amount. Note: This is the lowest amount that can be invoiced for this charge identifier. This amount is charged if the calculated amount is less than this amount.
- Maximum Amount
- Specify the user-defined maximum charge or ceiling for the
sales-based charge. Note: This is the highest amount that can be invoiced for this charge identifier. This amount is charged if the calculated amount is greater than this amount.
- Percent Of Sales
- Specify the user-defined default percentage of sales for a sales-based charge. In Franchise Billing, this percentage is an optional, user-defined rate, which is used to calculate a sales-based charge.
- Base Amount
- Specify the user-defined base amount to which the percentage of sales is added.
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In the Accounts section, specify this information:
- Sales
- Specify the GL revenue account string. This is used to define the credit posting of an invoice for actual charges.
- Accrual
- Specify the GL accrual account string.
- Accrual Offset
- Specify the GL accrual offset account string.
- Click OK.