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Period close and turnover bonus

The commission period is monthly. The period closes once the month ends and the refund window passes: if applicable, the turnover bonus is calculated and recorded in your current account, and the period's shares become ready to be invoiced.

  • The Owner, Administrator, and Accounting roles.

What is period closing and the turnover bonus?

The commission period is monthly. Who can do this: The Owner, Administrator, and Accounting roles. The period's net share is ready to be invoiced. The period closes once the month ends and the refund window passes: if applicable, the turnover bonus is calculated and recorded in your current account, and the period's shares become ready to be invoiced. Tiers and rates are set per organization in the contract.

Steps

  1. The share of every sale paid within the month is recorded in your current account as Earned commission at the time of payment.

  2. After the month ends, the refund window must pass; refunds received during this period are deducted from your share.

  3. At period closing, if turnover tiers are defined for your organization, the period's turnover is compared against the tiers. If a tier is exceeded, the difference is recorded in your current account as Turnover bonus at the time of payment.

  4. When the period closes, Current account screen's Commission invoice section, the invoice amount you need to issue for that period appears.

    Commission invoice section (with demo data)
    1. 1Amount to invoice and VAT
    2. 2Your invoice number
    3. 3Report the invoice
Result The period's net share is ready to be invoiced. See Report the commission invoice.
Where are the turnover bonus rates specified? Tiers and rates are set per organization in the contract.
What happens to a refund received after the refund window? Your regular share is adjusted in any case; however, a turnover bonus already recorded is not reversed.
The amount to invoice doesn't appear. No amount is generated until the month closes and the refund window passes; the screen shows No amount to invoice right now .

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