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.

Cheers

Lachlan


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