Debits & Credits Module Overview

*Note: This is an add-on module. Permissions may apply. Request more information via our Client Change Request Form.

 

The Agentbox Debit / Credit Commission Module adds the ability to efficiently manage the amount of commissions owed to each agent within a given period. This includes the ability to:

  • Create commission profiles against each Agent specifying recurring income and/or expenses (e.g. Base Salary, Recoverable Retainer, Assistant Salary, Car Allowance, etc)
    • Option 1 - Monthly payment cycle with recurring monthly debits/credits.
    • Option 2 - Open payment cycle with recurring debits/credits per-period.
    • Option 3 - Open payment cycle with no recurring debits/credits.
  • Record manual ad-hoc debits and credits against each Agent (e.g. Recoverable Agent Marketing Expenses, Adjustments, Bonus Payment, etc)
  • Submit an Agent Net Commission Payment report - per period - for each agent who has a commission profile containing:
    • Net Commission to this Agent from all sales which were Settled in the reporting period AND any sales Settled in a previous period which has had any adjustments made in the reporting period.
    • Plus / Minus - upon additional configuration - any recurring income/expenses specified in the Agent’s Commission Profile.
    • Plus / Minus any ad-hoc debits/credits specified in the Agent’s debit/credits ledger.
    • Less any shortfall from the previous period (if applicable).
    • Only Debit will carry over to the next period
      .

 

 
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