Difference between revisions of "Commission"
From TrueERP wiki
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== Overview == | == Overview == | ||
| + | |||
| + | Commissions are paid in the employees normal pay but the period the commissions apply to can be entered seperately for | ||
| + | tax calculation purposes. eg. An employee can be paid fortnightly and be paid sales commisions quarterly and ERP | ||
| + | will calculate tax accordingly as per ATO ruling '''NAT 10146 (Option A)''' | ||
| + | |||
| + | '''NOTE''': If commissions are paid seperately from the employees normal pay the tax calculations will be inaccurate. In | ||
| + | this case the tax should be calculated manually. | ||
| + | |||
| + | '''How To Pay Commissions''' | ||
| + | |||
| + | *Select 'Save' when the required changes have been made. | ||
| + | *Select the required Commission Report from the Report Selector e.g. 'Invoice Commission Report'. | ||
| + | *Select the date range as per the Pay Staff period you are currently due to pay. | ||
| + | *This information is to be entered into the 'Pay Employee' screen for the employees due commission. | ||
| + | |||
| + | *Select the Employee/s from the Pay Staff list that are due commission | ||
| + | *Select the 'Commission' tab | ||
| + | *Select from the drop-down, or create a new entry for the 'Description', e.g. "Commission 220207 to 280207" | ||
| + | *Enter the amount as per the Commission Report to be paid | ||
| + | *Select the 'Period' from the drop-down, e.g. '1 Month etc' | ||
| + | *Tick if the Commission is to include Superannuation or if it is 'Tax Exempt' | ||
| + | *Select the 'Department' if required. | ||
| + | |||
| + | Note: The Commission total has now been added to the total Gross Pay | ||
Latest revision as of 12:53, 3 March 2011
Overview
Commissions are paid in the employees normal pay but the period the commissions apply to can be entered seperately for tax calculation purposes. eg. An employee can be paid fortnightly and be paid sales commisions quarterly and ERP will calculate tax accordingly as per ATO ruling NAT 10146 (Option A)
NOTE: If commissions are paid seperately from the employees normal pay the tax calculations will be inaccurate. In this case the tax should be calculated manually.
How To Pay Commissions
- Select 'Save' when the required changes have been made.
- Select the required Commission Report from the Report Selector e.g. 'Invoice Commission Report'.
- Select the date range as per the Pay Staff period you are currently due to pay.
- This information is to be entered into the 'Pay Employee' screen for the employees due commission.
- Select the Employee/s from the Pay Staff list that are due commission
- Select the 'Commission' tab
- Select from the drop-down, or create a new entry for the 'Description', e.g. "Commission 220207 to 280207"
- Enter the amount as per the Commission Report to be paid
- Select the 'Period' from the drop-down, e.g. '1 Month etc'
- Tick if the Commission is to include Superannuation or if it is 'Tax Exempt'
- Select the 'Department' if required.
Note: The Commission total has now been added to the total Gross Pay
