Commission Rate Plan Sample - Payment Days From Charged

Payment days from charged commission rate plans calculate the number of days difference from the Charged Date to the Payment Date used when posting a transaction that requires commission to be calculated. Because Collect! evaluates the difference in days when entering the Payment Date on the transaction being posted, you will need to be very careful if you need to modify any previously entered transactions.

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 - Payment Days From Charged

Collect! will calculate and set the commission rate percentage on the Debtor form immediately after you select the commission rate plan in the Financial Detail form accessed through the Debtor form's Rate field. Select the Commission tab.

With this sample:

If the difference between the Charged Date and the Payment Date on the transaction when posting is between 0 days and 14 days, Collect! will set the commission rate of 10% and set calculate the commission amount accordingly.

If the difference between the Charged Date and the Payment Date on the transaction when posting is between 15 days and 30 days, Collect! will set the commission rate of 15% and set calculate the commission amount accordingly.

If the difference between the Charged Date and the Payment Date on the transaction when posting is between 31 days and 60 days, Collect! will set the commission rate of 20% and set calculate the commission amount accordingly.

If the difference between the Charged Date and the Payment Date on the transaction when posting is between 61 days and 90 days, Collect! will set the commission rate of 25% and set calculate the commission amount accordingly.

If the difference between the Charged Date and the Payment Date on the transaction when posting is between 91 days and 365 days, Collect! will set the commission rate of 35% and set calculate the commission amount accordingly.

If the difference between the Charged Date and the Payment Date on the transaction when posting is between 366 days and 99999999 days, Collect! will set the commission rate of 50% and set calculate the commission amount accordingly.

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