Franchise Invoice

Introduction - What are Franchise and Franchise Invoices?

When goods are purchased based on shipped weight, then there can be a difference with the net landed weight of the goods at destination. In some commodity trade markets, such as Cocoa trade, it is common to agree weight terms & conditions with the seller and, as part of that, a limit to this weight difference, called the franchise percentage. On arrival, when the net landed weight of the shipment is less than the shipped weight minus this franchise percentage, then the franchise is exceeded. If that is the case, the buyer has the right to invoice the seller for the value of the weight by which the franchise was exceeded.

In Agiblocks, a franchise percentage can be specified in the contract when you use weight terms & conditions.

You then as usual, record the shipped weight at the left side of the delivery execution form and the landed weight on the right side of the delivery execution form. When your installation has the option to generate franchise invoices activated, it will show you the calculations for franchise for you and help you create the franchise invoice.

Note: Franchise Invoice is an optional feature. Please contact Agiboo consulting or Agiboo Support if you wish this feature enabled on your Agiblocks system.