Commission Settlements
Description
Once commissions have been generated, the next step is to settle them, paying the commissions to each salesperson. iDynamics Commissions lets you settle commissions using either purchase documents or internal settlement documents.
Regardless of the document you use to settle them, posted settlement documents will be created to keep track of everything that was settled, and when.
Even though commission entries, for a sales invoice, are always generated when the document is posted, the app lets you configure whether these commissions can be settled at that moment, or only after the payment from the customer has been received.
Settlement Documents
For employees that will be paid using your internal payroll software, settlement documents let you decide which commissions should be settled, calculate the total amount, and export it to other apps.
Learn more about settlement documents
Purchase Invoices
For external employees, or employees whose commissions will be paid through purchase invoices (or credit memos), the app lets you easily add outstanding commissions to these documents.
Learn how to settle commissions using purchase documents
Automatically Create Settlement Documents
While commissions can be settled individually, most probably you will prefer to run a process that checks every pending commission and automatically creates settlement documents for them.
Learn how to create settlement documents for all outstanding commissions
Posted Settlements
Regardless of the document you use to settle them, posted settlement documents will be created in order to keep track of everything that was settled, and when.
Learn more about posted settlement documents
Commission & Settlement Currency
If you have salespeople in different countries, you can specify the currency in which you want to pay them commissions. That way, they will be paid commissions in the same currency in which they are selling your items or services, if it's different from your local currency.