Commission Rate Plan Samples

Commission Rate Plans allow you to specify a sliding scale for the commission rate to be used when calculating commission amounts on transactions posted to an account. These plans are used when you need more than two rates for calculating commission due on a transaction.

Sample commission rate plans linked to this page will give you an idea of how commission rate plans can be used to quickly and accurately calculate commission using a sliding scale. Experiment with the commission rate plan choices to see the effects each plan has on the debtor's commission rate.

Some commission rate plans set the commission rate when you have completed entering a new debtor. If the rate depends on values only from the Debtor form, then the commission rate can be calculated and established immediately.

Other commission rate plans depend on posting a transaction before Collect! can establish the appropriate commission rate. This may result in a Debtor form that does not show a commission rate percentage, at first. This is quite normal. Once a payment is posted, Collect! will calculate the commission rate and set it appropriately.

Commission rates set by certain types of commission rate plans are averaged before being displayed in Collect! The data evaluated may need to be calculated over more than one commission rate step set in the plan. The two steps are averaged in these cases. You can view more details by trying the sample plans that have this effect.

Using Minimum and Maximum values can also result in calculation and display of an unexpected commission rate percentage. Details are explained in the topic Setting Min and Max Commission Amounts.

Commission Rate Plan Sample - Age

Age plans use the number of days between the Listed Date and the Charged Date to determine which commission rate should be set. The rate is set at data entry.

Commission Rate Plan Sample - List Amount

List amount plans use the debtor's total Original Principal and Original Interest amounts to determine which commission rate should be set. The rate is set at data entry and when working with financials.

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 rate is set at data entry and when working with financials.

Commission Rate Plan Sample - Paid To Date

Paid to date plans select from the rate table based on the amount paid to date. The value in the Paid field on the Debtor form determines the commission rate. The rate is set when posting payments.

Commission Rate Plan Sample - Remaining Balance

Remaining balance plans select from the rate table based on the current owing amount remaining. The value in the Owing field on the Debtor form determines the commission rate. The rate is set when posting payments.

Commission Rate Plan Sample - Payment Days From Listing

Payment days from listing plans compare the Payment Date with the debtor's Listed Date. The commission rate is selected from the rate table based on the number of days. The rate is set when posting payments.

Commission Rate Plan Sample - Payment Days From Delinquent

Payment days from delinquent plans compare the Payment Date with the debtor's Delnqnt Date. The commission rate is selected from the rate table based on the number of days. The rate is set when posting payments.

Commission Rate Plan Sample - Payment Days From Charged

Payment days from charged plans compare the Payment Date with the debtor's Charged Date. The commission rate is selected from the rate table based on the number of days. The rate is set when posting payments.

Commission Rate Plan Sample - Setting Min and Max Values

Collect! may display and set a commission rate that appears to be erroneous. Setting minimum and maximum commission amounts could be the reason.

Commission rate plans are most efficient when you have commission rates that slide many levels. If you only change the commission rate once, for instance, when an account goes Legal, you should consider using a Rate type contact to change the commission rate at the required time. For example, if your commission rate changes from 30% to 50% when you send an account to Legal, use a contact event to change the rate to 50% instead of using a commission rate plan.

See Also

- Commission Rate Plan
- Commission Rate Plan Basics - Introduction/Accessing