Commission Rate Plan Sample - Remaining Balance
Remaining balance commission rate plans use
the current Owing on the Debtor form to calculate
the appropriate commission rate. You need to be
extra careful when you use this type of plan.
Collect! evaluates the balance remaining prior to
posting the transaction, so caution is needed
if you enter an NSF payment or 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 - Remaining Balance
With this sample:
If the balance owing on a debtor
account is between $5,000.01 and $99,999.00
when posting a transaction, Collect! will set the
commission rate of 15% and set calculate the
commission amount accordingly.
If the balance owing on a debtor account is between
$2,000.01 and $5,000.00 when posting a transaction,
Collect! will set the commission rate of 20% and
set calculate the commission amount accordingly.
If the balance owing on a debtor account is between
$1,000.01 and $2,000.00 when posting a transaction,
Collect! will set the commission rate of 25% and
set calculate the commission amount accordingly.
If the balance owing on a debtor account is between
$500.01 and $1,000.00 when posting a transaction,
Collect! will set the commission rate of 30% and
set calculate the commission amount accordingly.
If the balance owing on a debtor account is between
$50.01 and $500.00 when posting a transaction,
Collect! will set the commission rate of 35% and
set calculate the commission amount accordingly.
If the balance owing on a debtor account is between
$0.00 and $50.00 when posting a transaction,
Collect! will set the commission rate of 40% 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
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