Staff Sundry Accounts
A staff sundry account will enable companies to keep a percentage
of a sales staff net commission from each settlement and save it into a separate
account for that sales staff. It will keep an audit trail and the staff sundry account amount will
not be paid out when the Commission is paid. The staff sundry account may be used for all sales staff excluding those on commission margin.
- Select Administration from the menu, select staff, select the entitlements tab and select sundry account.
- Under the ‘Account Name’ column, enter the name of the account, a start date (compulsory field) and an end date (if applicable).
- Enter the Staff Percentage – this is the % of the staff's net commission that will be deducted from each settlement and credited into the staff sundry account.
- Enter the Company’s Contribution Percentage (If applicable) – this is used when your agency sponsors a % of the staff's net commission from each settlement. As in the staff percentage it will be deducted from each settlement and credited into the staff sundry account.
- When a Staff Percentage = 5%
and Company Percentage = 2% and the staff receives a net commission at settlement of
$4,000. A $200 credit (Staff Commission of 5
%) and $80 credit (Company’s contribution of 2%) will be credited into the staff members Staff Sundry Account.
- The staff members net commission would be reduced to $3,800. and the $200 debit will be shown as a separate entry in the staff commission statement.
- For Commission Only sales staff, the amount is deducted from his/her Commission Margin.
2. Sundry account adjustment: Click on the Green + button to open a form to credit or debit money from this account.
3. Transaction history: Click on the + button on the side to show all transactions related to this account.
4. Export to Excel: Click on the ‘Export to Excel’ button to export all transactions to Excel.
5. Multiple Sundry Accounts: You are able to set up multiple sundry accounts for each sales staff.
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