In a previous post we walked through the process of setting up a royalty agreement. Once you have the agreement setup then the process encompasses posting sales invoices, processing royalty claims, accrual, processing vendor invoices.

Here is a quick walk through of a process.

Keep in mind the setup of the agreement will vary the process,  for example you will see in this walk through the use of the approval required option.



Filed under: Accounts payable, General ledger, Sales and marketing