Commission Rate Plan Sample - Age
Age commission rate plans use the number of days between
the Listed Date and the Charged Date to determine which
commission rate should be set. Therefore to use this
commission rate plan you must have entered a Charged Date
and a Listed Date.
The sample below will show you how Collect! determines the
commission rate to set when you have assigned this
commission rate plan to the account.
Commission Rate Plan - Age
With this sample:
If the difference between the Listed Date
and the Charged Date is less than or equal to 60 days, the
commission rate set for the debtor will be 10%. Any
time you post a transaction that is set to calculate
a commission amount, 10% of the To Us or Direct
amount will be calculated.
If the difference between the Listed Date and the
Charged Date is greater than or 60 days, or less than
or equal to 90 days, the commission rate set for the
debtor will be 15%. Any time you post a transaction
that is set to calculate a commission amount, 15% of
the To Us or Direct amount will be calculated.
If the difference between the Listed Date and the
Charged Date is greater than or 90 days, or less than
or equal to 120 days, the commission rate set for the
debtor will be 20%. Any time you post a transaction
that is set to calculate a commission amount, 20% of
the To Us or Direct amount will be calculated.
If the difference between the Listed Date and
the Charged Date is greater than or 120 days,
or less than or equal to 150 days, the commission
rate set for the debtor will be 30%. Any time you post
a transaction that is set to calculate a commission
amount, 30% of the To Us or Direct amount will be
calculated.
If the difference between the Listed Date and the
Charged Date is greater than or 150 days, or less than
or equal to 365 days, the commission rate set for the
debtor will be 40%. Any time you post a transaction
that is set to calculate a commission amount, 40% of
the To Us or Direct amount will be calculated.
If the difference between the Listed Date and the
Charged Date is greater than or 365 days, or less than
or equal to 9999999 days, the commission rate set for
the debtor will be 50%. Any time you post a transaction
that is set to calculate a commission amount, 50% of
the To Us or Direct amount will be calculated.
With this commission rate plan type, no minimum or
maximum values should be set. If you enter values
for the minimum or maximum values, Collect! will
ignore them when calculating a commission.
See Also
- Commission Rate Plan
- Commission Rate Plan Basics - Introduction/Accessing
- Commission Rate Plan Samples
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