How to apply Payment Commission Rate and Sales Target Commission Rates
- Go to Customer > Agents > create a few agents (salesman)
Alice and Charles
- Payment Commission Rate (Phase 1 of commission)
-Payment within = How many days used to collect the payment from customer.
(Receive payment)
-Rate = % of commission
eg. If Charles able to collect payment from customer within 30 days, then he is entitled to 5% commission.
3.Sales Target Commission Rates (Phase 2 of Payment commission)
This is additional $ calculated based on phase 1 of commission gained.
Agent need to hit certain amount of sales target (TOTAL SALES of the month)
-Sales Target Description = Key in Title or Name of the sales target
-Rate = % of commission
Eg. If Charles’s Total Sales for the month exceeds 10 K, then he is entitled to the additional 1% commission.
Please refer to the case study below to know more about the calculation.
Payment Commission Rate (Phase 1 of commission)
- 700-B002 BIG FOODS is under agent Charles, in the month of Sept, Charles able to close one deal (RM 3000) and able to collect payment by month end of Oct.
- Then we able to calculate the receipt term is 60 days (01/09/2020-31/10/2020), Charles entitled to get 3% commission which is RM 90.
Report generated from Customer reports > Reports > Agent Commission by Period
Sales Target Commission Rates (Phase 2 of Payment commission)
- 700-T002 Tech Com is under agent Alice, in the month of Sept, Alice able to close 4 deal and collect payment by the same month.
2. Alice’s Total sales of the month exceeds 10K so she entitled to get additional commission.
Refer to Customer reports > Reports > Agent Commission with Different Sales Target
The calculation formula as below:
Let’s check for INV00033, the receipt amount is RM 2,000 and payment term is 18 days.
Phase 1 payment commission rate is 5% = RM 100
For Alice case, she hit 10 K sales target so she is entitled to get additional commission which is
RM 100 * 1% = RM 1
However, if Alice able to get more sales and hit 20 K sales target, then the calculation will be
RM 100* 2% = RM 2
Agent Commission with Different Sales Target report will list out all the commission based on all preset sales target rate.
Please download from the attachment, Thank you :)