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Finance > Invoices (Franchisor)
Setting Up Fee Types For Your Franchisees
Modified on: Mon, 30 May , 2022 | 03:49 PM
- From the Operations menu on the left-hand side select Franchisee Management.
- Then select Franchisee List.
- Find the franchisee that you wish to set fees for and click on the gear icon on the far right-hand side.
- Select 360 view.
- Once on the 360 view, scroll down to the bottom to the Franchise Action List and select the fee type tab from the far right side of the table.
- Choose a fee type from the dropdown on the left hand side and click add new.
- From this window you will fill in the following information.
- Select a fee calculation method
- Choose a fee calculation type either fixed or percentage depending on the type of fee
- In the starting limit box enter $1
- In the ending limit box enter a very high value $100,000 or more
- If this is a fixed or flat rate fee enter the value in the fee ($) field
And enter this same amount in the minimum fee limit ($) field
OR
If this is a percentage based fee, again enter a starting limit and an ending limit
Next you will enter a fee percentage, this will allow franchise soft to calculate the amount owing based on your revenue entered into the system.
Enter a minimum fee limit. - You must choose a fee period, Or you can select all using the green button below the list.
- You also must select a territory, again you can choose select all if applicable.
- Select applicable products and services (again with the option to select all).
- And click submit when all details have been added for this fee type for this franchisee.
- Repeat this process for any other fees that you may charge this franchisee.
***Please note you will only have to complete this process of creating feed types on the franchisee one time.
If you have any questions on the contents of this article, please
email helpdesk@franchisesoft.com for additional
assistance.
If you would like a DEMO of the software, kindly visit https://franchisesoft.com and request a Demo.