Salesman
Commissions
Flat Commissions
# Flat Percentage Commission,
# Calculates Fixed Percentage on total Sales,
# Specific percentage for each salesperson on an individual basis,
# Daily, Weekly & Monthly Settlements,
# Centralized control on Salespersons,
# Seperates Helper Commission in that,
# Structure for One or Multiple Commissions.
Mark Commission
# Based on Specific Codes,
# Fixed Amount or Percentage,
# Assign Mark codes for particular items such as Non-Movement Items and Premium Items,
# Auto Detect on Returns,
# Centralised Control on Mark codes.
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Custom Commission Setup
Range
Range Commission
In this commission setup, we can define a price range. Any item that falls within that range will be subject to the applicable commission.
Batch/Age
Batch/Age Commission
Batch numbers typically correspond to the month or quarter in which the item was acquired. Any item falls under this batch will incur the relevant commission.
Rules
Commission Rules
We can implement various combinations of inclusions or exclusions to determine the applicability of commissions.
CM Codes
Commission Codes
Allocate CM-Code to any item in the store and run commission formula on that. They are useful in scenarios where it is necessary to apply commissions to a mixed products
Support
Frequently Asked Questions
A sales commission is a payment made to salespeople as a percentage of the sales they generate. It’s a form of incentive to motivate sales staff to close more deals and increase revenue for the company.
Commissions are typically calculated based on a percentage of the sales amount. The exact percentage can vary depending on factors such as the product sold, the total sales volume, or specific commission plans in place. Some of the methods like: Flat Percentage on Sold Volume, Assign Mark codes to items, Defining Rules for specific creteria, Applying Commission codes
If a customer returns a product or cancels an Invoice after the sale, the commission for that sale may be deducted from your future/current commission payments. The specifics depend on the company's return and cancellation policy.
In a team commission structure, commissions are shared among a group of salespeople (Salesmen, Helpers, Floor Assistants & Store Managers). This is common in environments where sales are a collaborative effort. The distribution method can vary, sometimes based on each member's contribution to the sale.
Venxmart provide a commission statement where you can track your sales and corresponding commissions. Regularly reviewing your commission statements ensures accuracy and allows you to identify any discrepancies.
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