Franchiser/franchisee structure
In Franchise Billing, a franchisee is the customer and a franchiser is the company. A business-partner relationship between a franchiser and franchisee is referred to as a franchise.
Typically, a customer contract represents each franchise. In each contract, you define the financial terms and charges of the business relationship and associate specific charges with a franchise contract.
After you set up and activate contracts, you can process remittance data for the sales cycle. Enter this data into the system where charges for the cycle are calculated. You can create estimated charges for the period using sales from the last actual sales amount. Invoice interface records are crated and made available for invoicing in Billing. Accruals (auto reversing entries) are created during cycle close for the estimated sales values.
In addition, you can post actual invoiced charges to activity accounts and general ledger accounts in Billing and Global Ledger and post transaction data to Strategic Ledger.