1. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 1 7100. General Accounting Procedures, 7142 Franchise-related Fees A. The Purpose of This Policy The purpose of this policy is to describe the responsibilities for accurate payments of franchise-related fees. Continue ►

2. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 2 7100. General Accounting Procedures, 7142 Franchise-related Fees B. Responsibility for Accurate Payment of Franchise Fees Each franchiser invoices for fees differently. Some, for example, pay travel-agency commissions and invoice hotels for reimbursement. The general manager is responsible for knowing the details of his or her hotel’s franchise billing policies and procedures. The general manager is also responsible for approving only those invoices that accurately reflect the amounts due to franchisers. When invoiced fees appear to be inaccurate, contact the franchiser for explanation before making payment approvals, but do not delay payment if penalties may occur. End

3. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 3 7100. General Accounting Procedures, 7142 Franchise-related Fees