Revenue Sharing

Revenue Sharing is the process of sharing the profit of the customer. The customer who has taken the property on lease signs up with the lessor to share some percentage of his profit.

This activity allows you to calculate the revenue shared by the customer with the Lessor. Only those leases which has Revenue Sharing as ‘Yes’ will be fetched for processing. In this activity first minimum guarantee amount is recorded and the bill is generated for the same through “Generate Bills” activity. Then the revenue sharing process is carried out. Based on the criteria set, debit or credit note is generated for the customer.

Select the “Revenue Sharing” activity under the “Leasing” business component.

The “Revenue Sharing” page appears.

- Clicking this icon available near certain fields takes you to the help page of the respective field.

Enter the following in the “Filter Criteria” group box:

Scheme Code	The code identifying the scheme for which the revenue share details of the customer is to be processed.
Lease No From	The starting number in the range of lease numbers of the scheme code from which the details are to be fetched.
Lease No To	The ending number in the range of lease numbers of the scheme code until which the details are to be fetched.
Year	Use the drop-down list box to specify the year for which the revenue sharing is to be processed.
Frequency	Use the drop-down list box to specify the frequency. The combo is loaded with options “Monthly”, “Bi Monthly”, “Quarterly”, “Half Yearly” and “Yearly”.
Period	Use the drop-down list box to specify the period date range corresponding to the frequency selected. The combo is loaded with options based on the frequency selected.
Customer Code	The code identifying the customer who has taken the property on lease.
Mode	Use the drop-down list box to specify the mode. The combo is loaded with options “Provide MG Amount”, “Process Rev. Sharing” and “View”.

Click the “Search” button to retrieve the details.

When the Mode is selected as “Provide MG Amount”

Note: First the mode should be selected as “Provide MG Amount”.

The system displays the following in the “Lease Details” multiline:

Lease No	The number identifying the lease of the scheme code.
Customer Code	The code identifying the customer.
Customer Name	The name of the customer.

Enter the following in the “Lease Details” multiline:

MG Amount

The minimum guarantee amount paid by the customer for the lease.

Note: MG Amount provided in the “Maintain Lease” is displayed here. When the MG Basis is variable then you can modify the MG Amount here. If the MG Basis is ‘Fixed’ then MG amount cannot be modified.

Click the “Save Details” button to save the MG amount details.

Note: After providing the MG Amount, bill is generated for the same through ‘Generate Bill’ activity before proceeding with revenue sharing process.

When the Mode is selected as “Process Rev Sharing”

The system displays the following in the “Lease Details” multiline:

Lease No	The number identifying the lease of the scheme code.
Customer Code	The code identifying the customer.
Customer Name	The name of the customer.

Enter the following in the “Lease Details” multiline:

Category

Use the drop-down list box to specify the product category of the customer who has taken the property on lease. The combo is loaded with options defined for the Category – Product Category in “Maintain Categories” activity.

The system displays the following in the “Lease Details” multiline:

Revenue Share (%)	The percentage of revenue shared by the customer. Fetched as defined for the Lease in ‘Maintain Lease’ activity
MG Amount	The minimum guarantee amount collected as rent for the property from the customer.

Enter the following in the “Lease Details” multiline:

Service Tax	Use the drop-down list box to specify whether to include or exclude service tax in revenue amount. The combo is loaded with options “Inclusive” and “Exclusive”.
Bill Date	The date of bill.
Due Date	The due date for the payment of bill amount.
Posting Date	The posting date of the bill amount into finance book. This date should not be future date.

Click the “Compute” button to compute the revenue share amount.

The system displays the following in the “Lease Details” multiline:

Bill Amount	The bill amount.
Service Tax	The service tax amount on revenue amount.
Net Amount	The net amount.
Revenue Share Amount	The revenue share amount. Revenue Share Amount = Revenue Amount * Revenue Share (%)
Difference	The difference between MG amount and Revenue Share amount.

Enter the following in the “Lease Details” multiline:

Criteria

Use the drop-down list box to specify the criteria of revenue sharing. The combo is loaded with options “Higher”, “Lower”, “MG + Revenue” and “Pure Revenue”.

Note: When the Criteria is Pure Revenue

v Credit Note will be generated for the Difference amount when the MG amount is greater than the Revenue Amount

v Debit Note will be generated for the Difference amount when MG Amount is less than the Revenue Amount

Note: When the Criteria is MG + Revenue

v Debit Note will be generated for the Revenue Amount

Note: When the Criteria is Higher

v Debit Note will be generated for the Difference amount when MG Amount is less than the Revenue Amount

Note: When the Criteria is Lower

v Credit Note will be generated for the Difference amount when the MG amount is greater than the Revenue Amount

Remarks

Any remarks regarding the revenue sharing.

Click the “Save Details” button to generate a debit or credit note based on the criteria chosen.