Commission Rate Plan Sample - Payment Amount
Payment amount plans look at each individual
payment and use that amount to determine
which commission rate to use when posting a
payment. The commission rate is set at
data entry and when working with financials.
The sample below will show you how Collect!
determines which commission rate to set when you
have assigned this commission rate plan to an
account.
Commission Rate Plan - Payment Amount
When using this type of commission rate plan, you
will notice Collect! does not assign any commission
rate on the Debtor form. The field labeled Rate
will always be empty. The commission rate is
calculated and applied to each payment transaction
when posting. This commission rate plan evaluates
the amount of the payment entered in the To Us or
Direct field on the payment transaction. Collect!
determines the commission rate percentage to
use when you exit the To Us or Direct fields,
or when you uncheck the 'Don't calculate commission'
check box, or when you select OK on the transaction.
The commission rate is calculated each time a
transaction type is posted that requires commission
or when an existing transaction is modified.
With this sample:
When posting a transaction for anywhere
between $0.01 to $100.00, the commission rate on
the transaction will be set to 50% automatically.
When posting a transaction for anywhere between $100.01
to $500.00, the commission rate on the transaction will
be set to 40% automatically.
When posting a transaction for anywhere between $500.01
to $1000.00, the commission rate on the transaction will
be set to 35% automatically.
When posting a transaction for anywhere between $1000.01
to $5000.00, the commission rate on the transaction will be
set to 30% automatically.
When posting a transaction for anywhere between $5000.01
to $10000.00, the commission rate on the transaction will be
set to 25% automatically.
When posting a transaction for anywhere between $10000.01
to $999,999.00, the commission rate on the transaction will
be set to 15% automatically.
With this sample, no minimum or maximum values
have been set. If you enter values for the appropriate
minimum or maximum values, Collect! will reset the
commission amount accordingly when posting a
transaction that calculates commissions. If you
are going to use minimum and maximum
commission amounts, you should view
the documentation
Commission Rate Plan Sample - Setting Min And Max Values.
See Also
- Commission Rate Plan
- Commission Rate Plan Basics - Introduction/Accessing
- Commission Rate Plan Samples
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