Managing Franchise Fees with the Royalties Fee Section Follow
Overview
The Fees tab under Royalties allows you to easily manage and customize different types of franchise fees—such as royalty and technology fees—for each location. With a simple interface, you can add, edit, or remove fees, ensuring all your financial agreements are organized and up to date.
How to Use the Fees Feature
1. Access the Fees Tab
- In the left sidebar, click the Royalties icon.
- Select the Fees tab at the top of the Royalties page.
2. View and Manage Fees
- Franchise Name: See a list of all your franchise locations.
- Royalty Fee: Check or update the royalty percentage for each franchise.
- Technology Fee: Check or update the technology fee amount.
3. Edit Fees
- Click the edit (pencil) icon next to any fee to update its value.
- Enter the new percentage or amount, and it will be saved automatically.
4. Remove a Fee
- Click the trash (delete) icon to remove a fee from a franchise.
5. Add a New Fee Type
- Use the "Add Fee Type" button (top right) to create new categories of fees as needed.
6. Filter and Automate
- Use the Filter and Royalty Automation options for more advanced control and automation of your fee structure.
Why Use This Feature?
- Stay Organized: Keep all fee details in one place for every franchise.
- Save Time: Easily update fees without manual spreadsheets.
- Reduce Errors: Ensure accuracy and transparency across your locations.
Tip: Regularly review and update your fees to keep your franchise agreements current and consistent!
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