In Sage Intacct, Sales Commission application is extremely beneficial for the users to pay sales commission on calculation to the respective salesperson in-order to obtain better efficiency and save time in commission calculation, helps to exclude the tedious and time consuming manual commission calculation. Therefore, using this application, Sage Intacct users can easily define commission rules and automate commission payments on sales transactions.
In this blog, we are sharing details about standard deduction in sales commission application where it deduct expense/fees amount from invoice before the commission calculation.
Sales Commission > Commission Groups
When a sales invoice is paid, the commission of an employee to be paid is settled. For example, commission rate defined to an employee is 5% for a client (XYZ). The commission amount is reduced with the help of fixed deduction amount of $12,000. Commission rate as well as the fixed deduction amount will differ according to the client. i.e., if XYZ pays $30,000 against a sales invoice, the commission calculation of the employee will get calculated and payment of $900 will be paid to the employee.
($30,000 – $12,000) * 5% = $900.
Invoice amount (30,000) – Standard deduction (12,000) * Commission Rate (5%) = Commission Amount (900) Fill Invoice Deduction amount to Commission Group Screen as shown below.
Invoice deduction amount field is totally dependent on commission group, on basis of the value set into this field. Commission will be calculated after the invoice deduction amount is deducted from the commissionable sales amount. This will give the exact commission amount which needs to be paid to an employee.
This is a standard feature incorporated with the Sales Commission application. Hope this blog shared an idea on how the Standard deduction works in our Sales commission app.
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