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Commission Rate Plan Sample - Remaining Balance

Remaining balance commission rate plans use the current Owing on the Debtor form to calculate the appropriate commission rate. You need to be extra careful when you use this type of plan. Collect! evaluates the balance remaining prior to posting the transaction, so caution is needed if you enter an NSF payment or if you need to modify any previously entered transactions.

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 - Remaining Balance

With this sample:

If the balance owing on a debtor account is between $5,000.01 and $99,999.00 when posting a transaction, Collect! will set the commission rate of 15% and set calculate the commission amount accordingly.

If the balance owing on a debtor account is between $2,000.01 and $5,000.00 when posting a transaction, Collect! will set the commission rate of 20% and set calculate the commission amount accordingly.

If the balance owing on a debtor account is between $1,000.01 and $2,000.00 when posting a transaction, Collect! will set the commission rate of 25% and set calculate the commission amount accordingly.

If the balance owing on a debtor account is between $500.01 and $1,000.00 when posting a transaction, Collect! will set the commission rate of 30% and set calculate the commission amount accordingly.

If the balance owing on a debtor account is between $50.01 and $500.00 when posting a transaction, Collect! will set the commission rate of 35% and set calculate the commission amount accordingly.

If the balance owing on a debtor account is between $0.00 and $50.00 when posting a transaction, Collect! will set the commission rate of 40% and set calculate the commission amount accordingly.

With this sample, no minimum or maximum values have been set. If you enter values for the appropriate minimum or maximum values, Collect! will reset the commission amount accordingly when posting a transaction that calculates commissions. If you are going to use minimum and maximum commission amounts, you should view the documentation Commission Rate Plan Sample - Setting Min And Max Values.

See Also

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

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