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Former Member
Jan 11, 2007 at 12:31 PM

Royalty payments

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Hi all,

I'm finding it hard to get resources about how to configure royalty payments. Requirement:

Our client has an agreement whereby they pay a royalty to a 3rd party based on a percentage of sales volume.

I need to work out a automated calculation, which posts an accruel to the financials relating to each sale of the 3rd party product. The royalty needs to be accrued at 5%

any ideas? Thanks in advance.