How to automate commission runs for your sales agents
Miscalculating your sales rep commission?
Having to work it out in excel spreadsheets?
Or, perhaps you have different levels of commission for each product and its challenging keeping track of it all.
In basic accounting packages, the commission capabilities are limited – this means you have a considerable administrative task trying to calculate and keep track of sales reps/agents commissions.
Wouldn’t it be so much easier if you could create a bill, as you would for any other supplier, at the end of the month on the amounts you had to pay?
We have a solution that allows you to do exactly that.
When creating your items in Interprise, it is possible to decide levels of commission – this can be done to item categories also.
It is also possible to set your reps/agents up as suppliers, this means that when you are doing supplier payment runs, you can do the same with your sales reps.
Step 1 : Setting up your Sales Reps
Step 2: Tick the box for ‘create a bill for comm’
Step 3: Create item categories within Interprise, and off the back of this, you can create commission percentages for the categories based on sales revenue or profit.
Step 4: To perform the commission run, open the Commission Wizard
Step 5: Select the commission bill to be paid
In the Sales Order, reps will be able to see their commission amounts
In the profit tab:
The margin, cost price paid for the item, profit and all other detail.
You can hide these details so that your rep can’t see the level of profit you are actually making via the profit tab.
You can also have a rep profit tab based on an inflated rep cost.