Franchise sales and charges
Certain franchise charges are based on franchise sales.
Sales entries are records that contain sales data such as the net sales amount, sales tax, and the corresponding contract charges for a given cycle date. Estimated, phone-communicated, or actual sales entries can be recorded. Franchise Billing is used to calculate customer charges based on contract setup.
You can run batch reports and make online inquiries to monitor the status of your sales entries. By monitoring franchise activity and making updates to sales entries throughout the period, you ensure that your franchise sales data is complete before you close your billing cycle.