Introduction to the New Royalty Manager

Welcome to our support article on the latest version of FranConnect's Royalty Manager! In this guide, we'll walk you through the upgraded features and functionalities of the Royalty Manager in FranConnect. Whether you're a long-time FranConnect user or just getting started, this article will help you navigate the enhancements in this version, making royalty tracking and management easier and more efficient for your franchise business. Let's dive in!

Topics

Overview | Sales | Royalties | Payments | Reports | Area Franchise | Exchange Rates

Documents | Profit & Loss Summary | EFT Transactions | FTP Download

Overview

To access the new Royalty Manager, hover over the left-hand sidebar and click Royalty Manager NEW.

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This will take you to the Royalty Manager Overview page. Let's take a closer look at some of the data this dashboard provides.

Insights

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Insights will provide you with some basic data regarding invoices and sales. You can drill down further by clicking the corresponding "View" buttons for each box.

Snapshot

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Snapshot provides you a basic overview of sales and various fees collected.

Sales Leaderboard

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Sales Leaderboard provides you a list of your top performing franchise locations.

Sales Mix

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Sales Mix provides you with a pie chart that shows your sales by various categories that you can configure.

Trends

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Trends offers you insightful line graphs that depict sales and invoice trends throughout an entire calendar year.

Overdue Units

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Overdue Units shows you what units currently have the highest dollar amounts in outstanding invoices.

Sales

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The Sales tab is a central hub for all of your Sales reporting. From here, you can filter your Sales reports to find the exact report(s) you wish to find.

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You can access an individual Sales report by clicking on the corresponding Report ID.

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A typical Sales report will look something like this:

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You can also click the ... next to a Sales report to find more options as you can see below:

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Additionally, you can create a new Sales report by clicking the CREATE SALES REPORT button.

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Next, let's take a look at the Royalties tab.

Royalties

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The Royalties tab is where royalty payments are made and tracked. From here, you can filter your invoices to find the exact invoice(s) you wish to find.

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Each invoice, as well as its payment status, is viewable from this page by clicking the Invoice ID.

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A typical invoice will look something like this:

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You can also click the ... next to an invoice to find more options as can be seen below.

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To learn more about making payments from the Royalties tab, please check out our How to Make a Payment Using Invoice to Pay article.

Payments

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The Payments tab is where you can track all of the information about the payments that have been made in FranConnect. You can view all of your payment transactions, memos, and payment statuses using the tabs on this page.

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Additionally, if manual payment is configured, franchisees can make payments from this tab by clicking the MAKE PAYMENT button.

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You can also filter the table results using the filter options on the page.

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Next, let's take a look at the Reports tab.

Reports

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The Reports tab is a one-stop shop for all of your financial reporting. From P&L reports to Sales reports and more, there is no shortage of financial data for you to evaluate within these reports.

Area Franchise

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The Area Franchise tab shows you the payments you are owed and the payment status of all of the different regions in your franchise network.

Exchange Rates

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The Exchange Rates tab allows you to save exchange rates for different currencies during different date ranges for easy calculation. You can also import exchange rates from an Excel spreadsheet.

Documents

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The Documents tab serves as a repository for all of the financial documents you wish to upload to FranConnect.

Profit & Loss Summary

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The Profit & Loss Summary tab allows you to view P&L data from your entire franchise network. From here, you can import P&L data from QuickBooks Online or from uploaded files and filter the data as needed.

EFT Transactions

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The EFT Transactions tab provides a list of all of the electronic transactions that you have processed in FranConnect.

FTP Download

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The FTP Download tab provides you with a list of all files downloaded through FTP (File Transfer Protocol).

Conclusion

Having read this article, you should be familiar with how to navigate the new Royalty Manager in FranConnect.

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