Franchisees and royalties

With Multi-Outlet & Franchise, head office records the franchisees that run some of your outlets and charges them royalties each month. Outlets nobody runs are the business’s own.

Add a franchisee

1. Open Head office → Franchisees and choose New franchisee.
2. Enter the name, legal name, tax number, email and phone.
3. Set the terms, all on the net sales of the outlets it runs (after tax and refunds, as in Reports):
   • Royalty: a percentage of net sales;
   • Least royalty a month: the royalty is topped up to it;
   • Marketing fee: a percentage of net sales;
   • Fixed fee a month.
4. Tick the outlets it runs. Each outlet has one franchisee at most.

The list shows the terms in a line (6 % royalty · at least LKR 50,000.00 · 2 % marketing). End franchise (click twice) gives its outlets back to the business; its issued and paid statements stay.

Monthly statements

Open Head office → Royalties and pick a month (last month first).

1. Prepare statements: Kripos drafts one for every franchisee from its outlets’ net sales and its terms. Preparing again updates the drafts with new sales and refunds.
2. Open a statement to see its outlets and charges.
3. Issue it once the month is over at its outlets. It gets a number (RS-000001).
4. Mark paid when the franchisee pays, with a reference.
5. A wrong issued statement can be voided with Void statement and a reason; preparing the month again drafts it afresh.

The top of the tab adds up drafts, issued but not paid, and paid. Owners and accountants manage statements.