A commission is a fee paid to an agent (an external company) or an employee (internal salesperson) for transacting a piece of business or performing a service. It is fairly common to pay commissions for sales. To make this possible, you must connect the customer to one or more commission receivers. You start by setting up basic information about commission receivers and commission receiver groups.
You must also create a commission agreement to exactly control how and when commissions are to be calculated. You can enter more than one agreement line to each commission agreement. You can set a wide range of terms, consisting of any combination.
Entering a commission agreement is a two-step process. First, you enter general information about the criteria for the commission and the validity period. You can enter any combination of available criteria. Second, you can define ranges for the commission agreement, if applicable.
You can get more general information about commission agreements in the About Commissions help file.
When updating a commission agreement you must have specified the latest date of validity before a new revision can be created.
You can start to apply the commission agreement as soon as it has been entered.