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Broker

The broker is assigned to a sales order based on the customer broker assignments. Commissions will be processed only if the Broker Commission setting in the Ledger Options is set to Y (Y=yes). Commission rates are based on the broker commission type assigned to the item. Ledger Options also assign the default broker commission expense and payables accounts. The broker expense account can also be assigned within the sales category or at the broker level

Available Actions

Using

Adding

Changing

Deleting

Contacts

Printing

Importing

Broker Fields

Broker	A unique six character, alphanumeric ID used to identify the broker.
Broker Name	The broker name.
Old ID	Broker ID from your existing system. (If Conversion = Y in System Options.)
Contact	The broker contact.
Address 1	The broker mailing address line 1.
Address 2	The broker mailing address line 2.
City	The broker mailing address city.
State	The broker mailing address state.
Zip	The broker mailing address zip code
Phone 1	The broker primary phone number.
Phone 2	The broker phone number 2.
Fax	The broker fax number.

	The following fields are only available if the Broker Commission field is set to Y (Y=yes) in Ledger Options.

Commission (Y/N)	Commissions paid on this broker. Y (Y=Yes) or N (N=No).
Commission Expense Account	Commission Expense Account if Commission field is Y (Y=Yes). This is the default from the Ledger Options or Sales Category--the account can be overridden.
Commission Expense Cost Center	Commission Expense Cost Center if Commission field is Y (Y=Yes). This is the default from the Ledger Options, or Sales Category--the account can be overridden.
Collected Sales Only (Y/N)	Pay the commission based on collected sales (Y=Yes) or when earned (N=No).
Exclude Accruals for Commissions ?	Add back commission type price exceptions/accruals to the net sales amount when calculating the net sales on sales, gross margin and gross profit commission type methods : B=broker only, S= sales rep only, N=not used, X=broker and sales rep.

Next Page Options - (If Commissions = Yes)

Select a commission type - For each defined commission type, assign the rate to pay the broker.
Commission type Id - The commission type Id. Will default from commission type.
Commission type description - The name of the commission type. Will default from commission type.
Apply As - The commission calculation type: retroactive commission type progressive commission type Will default from commission type.
Level 1 - 5 - Set the level (9999999 for all sales) if a step commission. (The rate paid can be defined by stepped sales levels.)
Rate - Enter the rate to pay for the level
Cap - If a percentage based method, the maximum amount per pound for this commission type.
Add - The net increase to the commission rate to pay as an incentive for customer payments that are received early.
For payments within days - Number of days to use to consider the payment as received early.
Subtract - The net decrease to the commission paid if the customer paid you beyond the number of days specified below
Payment After - The number of days used to calculate if the payment was received late from your customer. Payment is not considered made until the balance of the invoice is $ 0.00, so an invoice may be paid within the Subtract days but if the credit was applied to the invoice after the payment after date, it will be considered late and the commission adjusted accordingly.

Security Required : Tables - Brokers