Effortlessly Manage Your Franchise Royalties Follow
Overview
The Royalties tab provides a powerful and organized view of all your franchise royalty transactions in one place. Instantly track revenue, total royalties collected, invoice statuses, payment frequencies, and more. With batch processing, status filters, and detailed breakdowns, you can manage payments faster and with complete confidence.
How to Use the Royalties Tab
1. Access the Royalties Section
- On the left sidebar, click the Royalties icon.
- Select the Royalties tab at the top.
2. View Key Metrics
- Total Revenue: Shows all revenue collected from royalties.
- Total Royalties: Displays the total royalty amount due or collected.
3. Explore Royalty Transactions
- Royalty Transactions Table:
- See a detailed list of all royalty invoices, including franchise name, invoice date, report period, billing frequency, royalty/technology fees, tax, sales, and payment status.
- Click the Invoice ID to view invoice details.
4. Monitor Payment Status
- Quickly see which payments are Paid (green), Unpaid (red), or require action.
- Use the Batch switch and status filters (All, Unpaid, Paid) to organize or process payments in groups.
5. Start Batch Processing
- Click Start Batch Processing to manage multiple payments at once, saving time and reducing manual work.
6. Take Action on Individual Invoices
- For unpaid invoices, click "Start Processing" to initiate payment collection or reconciliation.
Key Benefits
- Instant Clarity: All royalty payment details are at your fingertips.
- Better Control: Easily track which franchises are up to date or behind.
- Batch Actions: Process payments in bulk to boost your efficiency.
Tip: Use this tab regularly to ensure you never miss a payment and to keep your franchise finances on track!
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