How do license agreements and royalties work?
One licence agreement per licensor: the products covered, the royalty on each, and an optional fixed fee.
A license agreement records a deal with a company you pay for the right to make or sell their products. The licensor is an ordinary supplier account, so everything you owe them lands on one statement and is settled with a normal payment.
Each agreement holds:
• The products covered, each with its own royalty basis and rate. Royalty builds up automatically on every sale of a covered product, and is reversed if that sale is returned.
• An optional fixed fee — monthly, quarterly or yearly. When a period ends the app prepares a draft bill for you to review and post; nothing is posted behind your back.
• The dates it runs between. Outside that window nothing builds up and no fee bills appear.
When terms change, that is a new agreement rather than an edit — as long as its dates do not overlap the old one.
Deleting an agreement stops future royalties but never touches your books. Bills you already posted, and the royalty already recorded, stay exactly where they are.
Still not sure? Ask it in the chat in the corner — no account needed, and a person answers whatever the assistant can't.
How do I move stock from one warehouse to another?
Inventory → Stock transfer. Pick From and To, list what is moving, and post it. A transfer posts no accounting entries.
How do units and pack sizes work?
A unit is a name and a short form. The bigger pack — a box of 12 — is set on the product.
How do warehouses work?
Every company has one called Main. Extra warehouses are a paid feature, and pickers appear once you have more than one.
How is the cost of my stock worked out?
Stock is valued at weighted-average cost — the running average of what you have paid for it.