Standard Note Based Charge (FR06.1)

Use Standard Note Based Charge (FR06.1) to define and maintain a standard note based charge. A standard note based charge is a charge that requires a remittance of principal and interest.

Before you use this form, ensure that you have defined the applicable company and tax code.

Processing Effect

The Franchise Management application defaults any values defined on this form to a standard contract when you add the charge.

If the charge is based on a percentage of sales, use FR05.1 (Standard Sales Based Charge) to define the charge. If the charge is not considered a sales based or note based charge, use FR07.1 (Standard Special Charge).