How do I setup fund based commission?

Last Modified on 30/04/2018 12:32 pm BST
To set up fund based renewal commission, firstly locate the client and holding within the Clients module and navigate to the Commissions section:
Ensure that the Renewal commission basis field has been completed with the appropriate type of commission.  Now use the Renewal tab to enter the commission:
Complete the fields as necessary.  0.5% would be input as 0.005.  Also, if 0.5% per annum is being paid but on a monthly basis, the amount recorded in the '% of fund/period' field would be 0.5% divided by 12.

Once finished, the screen should look like this:
This is the Fund Based Renewal set up, the commission will now need to be posted for it to be available to reconcile.
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About this Article
  • Created: 30/04/2018 12:14 pm BST
  • Last updated: 30/04/2018 12:32 pm BST
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