Item Royalty
Big Business reports Royalties for Items sold, based upon a Royalty Amount Per Item or a Royalty Percentage Rate.
• The Royalty Percentage Rate is applied to the Extended Price of each Item sold.
• The Royalty Amount Per Item is multiplied by the Quantity of each Item sold.
Items which use either method will appear on the same Royalty Report.
The ReportSearch for the Royalty Reports searches Invoices, allowing you to narrow the report.
To report Royalties over a date range:
1. Select Reports from the File menu.
2. Select Vendor from the Toolbar Pull-Down menu to view the Item Reports.
3. Select a Royalty Report (Summary or Detail).
4. Click the Print button (or Save to Disk to export the Report).
5. On the ReportSearch dialogue, select "Date is on or after..." and enter a start date.
6. Click More Choices and select "Date is on or before..." and enter an end date.
7. Click the OK button.
The Royalty Reports are sorted and summarized by the Vendor specified on the Item Card.
Big Business lets you define royalty or licensing fees for items you sell. You can define the terms as a percentage of the sales price or as a fixed amount per item sold.
To define royalty terms:
1. Click the History tab in an Item Card.
2. Choose either Royalty Percentage Rate or Royalty Amount per Item from the Royalty Percentage Rate Pop-Up list.
3. Enter the Royalty Percentage or Amount.
To apply a specific Royalty to a number of Item Cards at once, using the Item QuickSearch:
1. Find the Items to change.
2. Click the QuickChange tool.
3. Select Royalty Percentage Rate or Royalty Amount Per Item and enter the the value to be assigned to all Items in the current selection.
4. Click the OK button.
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