Royalty Manager
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Each guide includes annotated steps, screenshots, and a video walkthrough.
How to Export the Master Franchise Invoices Summary
Previously, the Master Franchise Invoices page under Royalty Manager had no way to export the summary — users had to open each unit-level invoice and stitch the data together by hand. Master Franchise Invoices now includes an Export capability that downloads the currently displayed summary as an ...
Guide on Setting Up Agreements Assist Bot for Franchise Admins and End-users
OverviewAgreements Assist is an AI-powered feature within FranConnect that helps users extract and review key contractual information from agreement and lease documents.The system analyzes uploaded documents and extracts relevant details such as agreement terms, renewal information, financial obl...
How to Create and Manage Ad-hoc Invoices in Royalty Manager
Bill a franchise, franchise owner or lead outside your regular royalty cycle — an initial franchise fee, a convention fee, a discount adjustment — and track payment on it. Before you begin Ad-hoc invoicing isn't enabled on every account. If you don't see Create Invoice under Royalty Manager › Inv...
Send Mail and Expand/Collapse on Master Invoice Detail Page
Prerequisite: Both features are available only when the Configure Master Invoices flag is enabled for your account. Contact your FranConnect administrator to confirm this setting.OverviewThis article explains two enhancements available on the Master Invoice Detail page:The ability to send an emai...
Steps to Import CoA to the FranConnect System
Navigate to Unit Admin > Configuration > Configure Chart of Accounts.You can import the Chart of Accounts from your QuickBooks account by clicking the Import CoA from QuickBooks button.On the Sign in screen, enter your QuickBooks Online (QBO) account credentials.To authorize the connection and in...
How to Set Up and Manage the QuickBooks Online Integration with FranConnect
Connect QuickBooks Online to FranConnect so your chart of accounts, sales categories and profit & loss categories line up, and franchise sales import straight into FranConnect.Before you beginQuickBooks Integration must be enabled in your FranConnect system — contact your FranConnect point of con...
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...
How to Make a Payment Using Invoice to Pay
In this article, we will cover making payments using FranConnect's Invoice to Pay feature. This article will show you an easy way to handle your payments, step by step. We'll guide you through finding your invoice and completing your payment, making it simple and hassle-free. Note Your FranConnec...
How to Add Tax Calculations on Different Agreement or Line Items
At FranConnect, we are consistently improving our product to assist our customers in improving business efficiency. Effective May 4, 2023, customers will be able to add tax calculations to specific agreement or line items. In this article, we will walk you through how to use this new feature.Conf...
Mapping the Chart of Accounts to Profit and Loss Categories
Corporate users can configure different categories for income, expense, and overhead sections.Navigate to Admin > Finance > Configure Profit & Loss Categories.Click the Associate Mapping tab.Click Save. You can associate your Standard QuickBooks CoA with the Profit and Loss Categories by draggin...
How to Enter Negative Values in Profit Loss Statement
Our system allows you to configure P&L categories to generate the Profit Loss Statement. Categories are either Addition or Subtraction. For example, an "Income" category would be an example of an "Addition" type category. For negative values, such as expenses or refunds create a "Subtraction" typ...
Additional Invoice Item(s) Summary
To add additional invoice items to the finance sales report, go to:Admin > Finance > Additional Invoice Item(s) Summary and Add New Item. These fees can be a Fixed amount or Variable. In this example, we will add a Technology Fee of $50.00.The Additional Invoice Item will appear in the Sales repo...
Profit and Loss Statements and Reporting
The Profit & Loss (P&L) statement is one of the three primary financial statements used to assess a company's performance and financial position (the two others being the balance sheet and the cash flow statement).Profit and loss management is managing income (incoming money) and expenses (outgoi...
How to add KPI (Key Performance Indicators) Goals in Royalty Manager
KPI (key performance indicators) is a blanket term for the types of markers that businesses use to measure performance in a variety of areas, from marketing to HR to finance. Keeping close tabs on your small business' financial performance is essential to long-term success.FranConnect's Royalty M...
How to Enter Negative Values in a Finance Sales Report
The Franconnect system allows you to configure product categories and their subcategories to generate the sales report. The Finance module generates calculates the royalties based on the total sales. Categories are either Addition or Subtraction. For example, a product category would be an exampl...
Configure Finance FTP Server for POS
In the Finance module, your franchisees can report their sales via a web form, uploading spreadsheets or configure a FTP ( file transfer protocol) directly from your POS vendor (Point of Sale) to FranConnect SKY> Finance. To configure the FTP server credentials, go to: Admin > Finance > Confi...
Non-Financial / KPI Categories Summary
Under Finance, sales reports are generated for purposes of sending invoices to the franchisee. Part of that report can optionally include Non-Financial Key Performance Indicators.For example, how many customers came through that billing period, coupons redeemed, how many FTE, etc. You may configu...
NACHA File Guide
FranConnect uses EFT for monetary transactions, and those transactions are documented in a NACHA (ACH) file. This guide shows you how to read one so you can review payment types — Royalty, Advertisement and other fees — in a franchisee's report.Before you beginYou need access to Finance › EFT Tra...