To store franchise information centrally navigate to Contacts -> Franchise -> Create Franchise in the left hand side menu.
Start by entering basic vendor information like Franchise company name, contact person name, Email id, Mobile no and Address.
Next, if you would like to provide your franchise owner a login to view their invoices and payments. You can do so by enabling the toggle.
Enabling this toggle provides the ability to set up a login for your franchise, by entering your franchise owners email id, setting a password and choosing a role. To know more about how to use roles and provide access to your account Read more.
Use the Secondary contact section to set up alternate contacts from your franchise organization. Followed by banking information of your franchise in Bank details section.
Enabling payouts to your franchise
Under the Franchise Settlements section the enabling the toggle button sets up your franchise for payouts via Swipez.
Commission type — There are 2 types of commissions supported.
- Percentage based commissions are used to share a percentage of the amount collected via an invoice.
- Fixed commissions are used to share a fixed amount collected via an invoice.
Commission (% or Rs.) — Percentage or value of the commission
Settlement type — There are 2 types of settlements supported.
- Manual mode presents the commissions to be paid out for you to approve. After reviewing the calculated commissions you can make the payouts to your vendors.
- Automatic mode makes the payout as per the commissions set as soon as your invoices are paid.