Payment Commission Adjustments Screen

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Use this screen to define percentages the system can use to calculate payment commission adjustments for financed orders, for example to adjust for a fee imposed by the financing company.  You can create positive or negative commission adjustments.  

 At this time, this feature is available for class 4 (financing) payment types only.

The system creates commission records at the time of order completion.

Commission lines for payment types defined with adjustment rates appear in the Sales Commission Report.

% of Financed AmountEnter the adjustment factor (that is, the percentage of the payment amount) by which to adjust the commission paid for the order.  You can enter any percentage from 0.01% and 100.00%.  The percentage you enter here represents a cost for financing the sale, for example a fee imposed by the financing company.

% for Commission AdjustmentEnter the commission adjustment percentage (that is, the percentage of the adjustment factor specified at the % of Payment Amount field above) by which to adjust the commission paid for the order.  You can enter either a positive or negative percentage.  A negative percentage reduces commissions, and a positive percentage increases commissions.

The program uses the following calculation for payment adjustments:

1. Multiply the order financed payment amount by the adjustment factor (xxx.xx% of Payment Amount).

2. Multiple the result of step 1 by the commission adjustment percentage (xxx.xx% for Commission Adjustment).

For example:

Adjustment Factor = $1258.95 * 17% or $214.02

Commission Adjustment = $214.02 * -12.5% or $-26.75