Sales Vendor Commission tab
TABLE OF CONTENTS
- Adding a new Commission Type
- Default Rate
- To change an existing commission calculation
- Deleting a vendor commission calculation
OSL Office automatically calculates the commission payable by the Vendor on a Sale using the default calculation that you have entered into the program.
This is the Gross or Total Commission paid by the Vendor for selling their property before GST or VAT.
You can set up as many different commission calculations as you need.
Adding a new Commission Type
To add a new Vendor commission calculation
Go to Settings > Company > Sales > Vendor commission tab and click on the new button
Give the commission rate a name, e.g. Standard,
Enter the Base Fee (if any)
Enter the first division figure and the up to amount effected by this in the second box
If there is a further change in percentage for a given price range into the second division figure in the lower level and the up to amount effected in the box along-side.
Click on the Save button so save your calculation.
Example:
For any given sale the commission up to sale price of $300,000 will be at 4% of the sale price, the commission between $300,000 and $500,000 will be calculated at 2% of the sale price between this range. The Division 4 figure will every dollar above figure C will be calculated at 0.5%.
Default Rate
Set the default Vendor Commission rate for your office
The default rate is used in the Office and Agent commission calculator
Changing an existing commission calculation
Go to Settings > Company > Sales > Vendor commission tab
Select the commission rate from the list and click on the Edit button. make your changes and Save.
Any changes made to a commission rate calculation will only effect New Sales and any Sale where you re calculate the Commission.
Deleting a vendor commission calculation
To delete an existing commission calculation
Go to Settings > Company > Sales > Vendor commission tab and select the commission type from the list and click on the Edit button.
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