Creating Royalty Codes


The user provides the name of the person or company with the product royalty rights, and assigns a royalty percentage for every product sold.



Each Royalty Structure must have its own unique Name. This will show up in all reports and tax filters so you should name them carefully. If you try to create a royalty structure with an existing name a popup will displayed asking you to confirm this activity. It is not advisable to create structures with the same name. This will lead to much confusion when reviewing reports.

Enter the Rate as a percentage of what the royalty will be.

Click on Save to create the Royalty Structure.


Access to this function at an enterprise level is limited by default to the System Administrator and Financial users only. Accounting may modify royalty level settings at Venues or Store assigned to them.