This document helps you to gain an understanding about how to use Easy-Commission application. This example plan may help you to set up the sales commission plan that pays the Rep a flat rate commission which varies by the product sold. The plan data is in effect for the Commission year 2017.
The document has four sections
A Rep may be a Sales Representative or an agent who gets commission payouts.
'Sample Randy' and 'Sample Brandy' are Sales reps and 'Sample Smith' is Sales Manager.
Product refers to an item that has physical characteristics or services offered to the customer. Products can have specific commission rates in some cases.
Customer is the individuals or firms to whom the products are sold. Sales to a specific customer can be credited to a particular Rep.
In Easy-Commission, transactions are typically sales data such as orders, invoices or customer payments. The transactions will have information such as sales amount or gross profit. Transactions get credited to different Reps prior to calculating commissions.
The commission setup is basically the rules of calculation for payout for any Rep.
The Varying Flat Rate Commission Plan by Product is one of the plans that can be set up with ease. The Rep responsible for the sale will be credited and paid a flat commission rate that varies for each product.
The commission plan specifies which transactions should be credited to which sales rep and what commission rate are to be considered for calculation. In this example, we assume that Rep is already been associated with the transaction.
Rep "Sample Brandy" will be paid at flat 5% rate for sale of product "Nuts" and at flat 6% rate for sale of product "Bolts". Similarly Rep "Sample Randy" will be paid at flat 8% rate for sale of product "Nuts" and at flat 10% rate for sale of product "Bolts".
You may calculate the plans for current period by selecting "Calculate Commissions" from Tasks Menu.
After clicking the calculate button, process kicks and display the process status as complete once all the reps commission are calculated.
After running the calculation process, the system produces commission results for each rep. Results can be checked by looking at the commission statements.
Statement for a Rep can be looked at just by selecting the relevant Rep Name from the drop down. For example to view Sample Randy's statement, just clicks Rep Name drop down and select 'Sample Randy'.
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