Business cycle

You can use Franchise Billing to help you operate your franchise business cycle. During daily processing, you record customer sales amounts and note prepayments. Periodically, you can run reports to monitor preliminary sales and variances between customer-submitted and system-calculated contract pricing. At user-defined intervals, you can create invoice interface records that are transferred to Billing for invoicing. You use Receivables to process invoice payments and account statements. At cycle end, you use Franchise Billing to close the cycle.