Recording aggregate sales

  1. Select Processing > Franchise Sales.
  2. Click Create.
  3. Specify this information:
    Company
    Select a company number.
    Customer
    Select the customer number that is defined in Receivables.
    Ship
    Select the customer ship to number that is defined in Billing.
    Contract
    Select the contract number representing the business agreement and terms between the company and customer.
    Sales Date
    Select the cycle date for the current fiscal year. The date you select must be defined on the Sales Calendar.
    Sales Type
    Select Aggregate Sales. You cannot directly specify Actual Invoice sales type records for contracts that must be aggregated. The actual invoice sales records are created when you run Sales Update.
    Adjustment
    Specify adjustment for the sales entry.
  4. Click Save.
  5. To total reported sales data from each of the aggregate sales type records that you have recorded on the Sales Entry page, run Sales Update.
    Based on the total amount and the predefined charge rate, an actual invoice sales record is created by Sales Update in Franchise Billing. Global ledger entries are generated and an invoice is created for the franchisee.