simple commission calculation program part 2 explanation

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'. In this example, we assume that Rep is already been associated with the transaction. The commission plan specifies which transactions should be credited to which sales rep and what commission rate are to be considered for calculation. The Rep responsible for the sale will be credited and paid a flat commission rate that varies for each product. The Varying Flat Rate Commission Plan by Product is one of the plans that can be set up with ease. The commission setup is basically the rules of calculation for payout for any Rep. Transactions get credited to different Reps prior to calculating commissions.

The transactions will have information such as sales amount or gross profit. In Easy-Commission, transactions are typically sales data such as orders, invoices or customer payments. Sales to a specific customer can be credited to a particular Rep. Products can have specific commission rates in some cases.Ĭustomer is the individuals or firms to whom the products are sold. Product refers to an item that has physical characteristics or services offered to the customer. 'Sample Randy' and 'Sample Brandy' are Sales reps and 'Sample Smith' is Sales Manager. The commissions are paid out monthly.Ī Rep may be a Sales Representative or an agent who gets commission payouts. The commission schedule is set for the commission year 2017 and it starts from Januto December 31, 2017. This section covers all the setup data necessary for processing. The maintenance data are the pre-requisite data that are used in calculation rules to calculate the payouts.

Commission Statements – Viewing Commission Statements, export of statements.

Calculating commissions – Explanation of running the calculation.

Commission setup – Explanation of commission plan setup.

Maintenance Data – Explanation of pre-requisite data such as customers and products.

The plan data is in effect for the Commission year 2017.

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. This document helps you to gain an understanding about how to use Easy-Commission application. Varying Flat Rate Commission Plan by Product

Simple commission calculation program part 2 explanation