Sales Commission Application of Greytrix assists Sage Intacct users to automate commission processing. It helps to simplify commission tracking and ensures accurate commission calculations and Payments. Based on entered structure, commissions are calculated on sales transactions. Using this Sage Intacct users can easily do the commission calculations and automate commission posting and payments on sales transactions.
The new feature in Sage Intacct calculates sales commission based on sales targets. This is particularly useful for companies that want to provide Incentives to their salespeople based on their individual sales performance. The commission is calculated based on the invoice amount. The rate of commission corresponds to the cumulative sales amount.
Commission Structure Example:
- If the total sales amount is between $0 and $1000, a salesperson will earn a commission rate of 10% on the sales amount.
- If the total sales amount is between $1001 and $5000, the commission rate increases to 15% on the sales amount.
- This structure continues with increasing commission rates for higher sales amounts.
Create an AR Invoice or Sales Invoice. Attach Commission Group and Commission Type:
Attach the appropriate Commission Group and Commission Type to the invoice. This is a crucial step in the process.
Once the Commission Group and Commission Type are attached, post the invoice.
View the Calculated Commission:
Upon posting, the commission is instantly computed. This can be conveniently viewed on the Accounts Receivable (AR) invoice.
Check Sales on Employee Commission Levels Screen:
The Employee Commission Levels Screen in Sage Intacct displays the total sales achieved by each salesperson. This feature facilitates effortless tracking and evaluation of individual performance.
- Now you can post the commission using post commission menu. After that you can pay the commission using pay commission menu. This will create a journal entry in Commission Payable Journal.
- This feature will streamline the process of calculating sales commissions based on sales target amounts.
These commission levels can be easily set up in Sage Intacct, allowing for a flexible and customizable commission structure based on your company’s specific needs. Commission Levels in Sales Commission – Sage Intacct – Tips, Tricks and Components (greytrix.com)
This feature provides a dynamic way to motivate and reward salespeople based on their sales performance. It ensures that the harder a salesperson works, the more they earn, creating a win-win situation for both the salesperson and the company.
About Us
Greytrix – a globally recognized and one of the oldest Sage Development Partner is a one-stop solution provider for Sage ERP and Sage CRM organizational needs. Being acknowledged and rewarded for multi-man years of experience and expertise, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third party add-on development and implementation competence.
Greytrix has a wide product range for Sage Intacct- a Cloud ERP. This includes migrations from QuickBooks | Sage 50 | Sage 100 | Sage 300 to Sage Intacct. Our unique GUMU™ integrations include Sage Intacct for Sage CRM | Salesforce | FTP/SFTP | Rev.io | Checkbook | Dynamics 365 CRM | Magento | Rent Manager | Treez | Avalara Avatax | Blackline SFTP. We also offer best-in-class Sage Intacct Development Services, Consulting services, integrated apps like POS | WMS | Payroll | Shipping System | Business Intelligence | eCommerce for Sage Intacct to Sage business partners, resellers, and Sage PSG worldwide. Greytrix constantly develops apps, products, and add-ons to enhance user experience. Sage Intacct add-ons include AR Lockbox File Processing.
Greytrix GUMU™ integration for Sage CRM – Sage Intacct, Sales Commission App for Sage Intacct, and Checkbook.io ACH/Digital Check Payments for Sage powered by GUMU™ are listed on Sage Intacct Marketplace.
The GUMU™ Cloud framework by Greytrix forms the backbone of cloud integrations that are managed in real-time for the processing and execution of application programs at the click of a button.
For more information on Sage Business Cloud Services, please contact us at sagecloud@greytrix.com. We will like to hear from you.