A sales report or royalty report is a written report detailing the number of licensed products that were sold during a given time period. The licensor/property owner receives this detailed report from a licensee in one of four periods: monthly, quarterly, bi-annually, or annually. This reporting period depends on the contract terms that were agreed on upon signing.
Not every licensee reports the same sales information, but you can see any combination of the following on a sales report:
-Property
-Sale/Rate Type
-Product SKU
-Product Name
-Product Description
-Category
-Territory
-Distribution Channel
-Seller
-Unit Sales
-Unit Price
-Gross Sales
-Net Sales
-Royalty Amount
-Discounts
-Returns (Units)
Here is an example of Sales/Royalty Report
The more information you can provide in your sales reports to upload to Brainbase, the better. This will allow you to understand your sales data in a new and powerful way. Among countless tools, understand trends in your licensing business with our comparative graph feature. Learn more about this feature HERE.
To learn how to add a sales report to Brainbase, click here for the full step-by-step guide.
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