Pingback: Licensing Process – Microsoft Dynamics AX Community The royalty functionality in Dynamics 365 for Finance and Operations (D365FO) allows the calculation, accounting and billing of automatically generated license fees. Licensing applications are created when order invoices are counted for item numbers included in one or more licensing/royalty codes. This way, you can include some automation in your royalty processes when they are maintained in D365FO. You insert royalty rates on the Royalty Amounts tab at the bottom of the page. To set sentences as steps, add a line for each level, and set the Value and Value Bis fields. The final step is to deal with authorized claims. In this stage, in-kind account accounts are reversed and credit accounts are established. You can change claims by clicking on the “Treat Royalties” button and selecting the credit pointer. On the Royalty Claims page, the Start-Up Fee box shows the amount of royalty paid to the creditor after approval and processing of the royalty. In the Licensing Agreements form, click Create a new data set and enter the top of the Preview credit and unit information tab for the licensing agreement. When the new fee fee is first established as part of the billing process, it is categorized as the first step, since the billing position applies to an amount of 8. If the three licence fees are accumulated, the total is now 32, which should rank the three licence fees in the fourth stage. The two licence fees that have already been processed cannot be changed, so a new licence fee is created to account for the difference.
Before you set up royalty agreements, you need to choose options on how your business manages royalty payments. Use the following procedure to put in place royalty options. To determine whether an order item is qualified for a royalty, choose the order position > listings > price details. On the Price Details page, select the license sheet. A new feature released with Dynamics AX 2012 R3 is royalty management. A royalty is a fee that one party (the licensee) pays to another party (the licensant) for the exploitation of intellectual property. Dynamics AX 2012 R3 allows an organization to manage royalty agreements, track royalty transactions and authorize payments. On this blog, I will highlight the main steps to allow the tracking of royalties and to process an example of a transaction. Each time an order is charged for the item of the licensing agreement, the system creates a license claim file under the account, payable > Commons > Royalty > Royalty Claims. From this point of view, you can accumulate royalties according to the terms of the contract, approve and process royalties on payments. Make sure the right currency is selected, then activate the required authorization box if a fee needs to be approved before the limit or payment. The head section defines the terms of the agreement: how often the royalties are calculated for the payment, to which the creditor is paid the royalty, whether the fee is based on the amount or quantity, on the date and if an authorization is required.