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Commission Rate Plan Sample - List Amount

The List Amount commission rate plan uses the Original Principal and Original Interest amounts together when calculating the commission rate. If you wish the commission rate plan to use only the Original Principal, then you must post an interest transaction adjustment to set the interest amount. Do not use the 197 Original Interest transaction type, as this also sets the Original Interest field on the Interest Detail form on the debtor. Adding to the original principal or original interest may reset the commission rate.

The sample below will show you how Collect! determines the commission rate to set when you have assigned this commission rate plan to the account.


Commission Rate Plan - List Amount

With this sample:

If the total of the Original Principal and Original Interest is between $00.0 and $100.00, the commission rate of 50% will be set in the Rate field on the Debtor form.

If the total of the Original Principal and Original Interest is between $100.01 and $500.00, the commission rate of 45% will be set in the Rate field on the Debtor form.

If the total of the Original Principal and Original Interest is between $500.01 and $1000.00, the commission rate of 40% will be set in the Rate field on the Debtor form.

If the total of the Original Principal and Original Interest is between $1000.01 and $5000.00, the commission rate of 30% will be set in the Rate field on the Debtor form.

If the total of the Original Principal and Original Interest is between $5000.01 and $20000.00, the commission rate of 25% will be set in the Rate field on the Debtor form.

If the total of the Original Principal and Original Interest is between $20000.01 and $999,999.00, the commission rate of 20% will be set in the Rate field on the Debtor form.

Posting transactions that change the total of Original Principal and Original Interest will force the commission rate plan to recalculate and reset the commission rate. This new rate will apply to any further transactions posted.

With this commission rate play type, no minimum or maximum values should be set. If you enter values for the minimum or maximum values, Collect! will ignore them when calculating a commission.

See Also

- Commission Rate Plan
- Commission Rate Plan Basics - Introduction/Accessing
- Commission Rate Plan Samples

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