Invoice Ninja for Franchise based business #9446
Replies: 3 comments
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I think the main requirements here are associating each payment with the franchisee, and then generating reports so that you can peform the required calculations. Invoice Ninja does not provide a off the shelf solution for this particular scenario, however depending on how you wanted to approach it, it could certainly be done. |
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Hi @turbo124, Thank you for your input. Would the Vendor - https://invoiceninja.github.io/en/vendors/ module allow us to achieve the ability to calculate how much to remit each vendor/franchise based on their services used? Thanks, |
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Depending on how the fee structure works. If you need to deduct a % of the total received. There may be a way to generate a PO which includes the "fee" and "net" amounts. In place of a tax, I would substitute the franchise % fee (using inclusive taxes) the system would then be able to at least split the components. There are a lot of unknown variables at play here. But essentially anything can be done,but it does depend a lot on how you want the system to work for you. |
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Hi all,
We're a franchise based business, we're a requirement to remit payment to our franchises at the end of each day. Our model is, we do centralised billings, so we collect payment from all our customers on behalf of our franchises, and then we need to deduct the royalty fee from each franchise and transfer the remainder amount to the franchise.
Is this something we can achieve with Invoice Ninja?
Thanks,
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