Administrator or Rep can enter the transaction manually in this page. Based on the calculation type and the commission plan, commissions for the rep will be calculated. The Transaction page contains information about the transaction details. After entering the Transaction's details, you can set commission plan, view statement and perform commission calculation.
The Transaction menu lets you quickly create, and view the Transactions information. In addition, this page lets you copy, and delete, edit the Transactions information. In the Next Step section of the Transaction page, you can add commission plan or view statement or perform commission calculation. This page also lets you to go to the previous page and Home page. In the Related Information section, you can view the information related to the Transaction page.
You can click Transaction menu item to display the "Transaction" page. This page will list all the Tran ID, Tran Line, Status, Customer, product, Group, Sales Amount, Gross Profit, Links to Edit, Copy, Delete option.
Here is a description of the Transaction standard fields. Some of these fields may not be editable depending on your page layout.
Field | Description |
Tran ID | Identifying code for the transaction. For example, Txn 01. Up to 255 characters are allowed in this field. |
Tran Line | Line number for the transaction. This refers to single data in a transaction. For example, "1". Up to 255 characters are allowed in this field. |
Date | Date in which the sale is made. For example, 01/01/2012. |
Period | Period is the current period representing the duration with in which the sale falls. E.g. 1. |
Commission Year | Year is the current year in which the sale is made. E.g. 2012. |
Ordered/Invoiced Date | Date in which order or Invoice is created. |
Paid Date | Date of paid. |
Profit | Gross sales minus cost of item or service. |
Ispaid | Whether the transaction is paid or not.E.g. Yes or No. |
Territory | Name of the sales region, the rep is associated to. |
Class | Sales made for class. |
Customer | Sales made for customer. For example, ACME. |
Product | Sales made on product. For example, Bolts. |
Quantity | Number of products being sold. For example, 5. Up to 255 characters are allowed in this field. |
Sales Amount | Sales price of the products being sold. For example, 5000.00. Up to 255 characters are allowed in this field. |
Cost | Total cost (purchase cost) of the product. For example, 1000. Up to 255 characters are allowed in this field. |
Gross Profit | Gross Sales minus Cost of Product or Service. For example, 2500.00. Up to 255 characters are allowed in this field. |
Amount1 and Amount2 | Flexi Amount fields that can be used to define any percentage value or discount, etc other than sales amount or gross profit. For example, 500. |
Calculation Type | Calculation type for transaction. The types are: Using Rules, Manual. Using Rules - To consider the transaction for calculation using the calculation rules. Manual - To directly enter the credit, commission values. |
Status | Current status of the sale as per the system. The statuses of transaction are: Active, Closed, In Process, and On Hold. such as, Active - Transactions to be considered for calculation. In Process - Transactions that are considered for calculation. On Hold - Transactions that are not to be considered for calculation. Closed - Transactions that are already paid. |
Group | Sales made for group. For example, New Customers. |
Commissionable | Checkbox to mark whether the transaction has to consider for commission calculation or not. |
Type | Type of transaction. The types are: Draw, Adjustment, Advance, Other, Commission, Bonus. |
Rep1 | Sales person involved in the transaction. For example, Randy. |
Credit Percent1 | Percentage of amount credited for Sales Person. |
Credit Amt1 | Credited Amount for Sales Person. |
Comm Rate1 | Commission Rate for Sales Person. |
Comm Amt1 | Commission Amount for Sales Person. |
Rep2 | Additional sales persons involved in the transaction. For example, if the two sales persons (say 'Randy' and 'Brandy') are involved in the transaction, then the second sales person's name 'Brandy' should be selected in this field. |
Credit Percent2 | Percentage of amount credited for additional Sales Person. |
Credit Amt2 | Credited Amount for additional Sales Person. |
Comm Rate2 | Commission Rate for additional Sales Person. |
Comm Amt2 | Commission Amount for additional Sales Person. |
Rep3 | Additional sales persons involved in the transaction. For example, if three sales persons (say 'Randy', 'Brandy' and 'Bmistal') are involved in the transaction, then the third sales person's name 'Bmistal' should be selected in this field. |
Credit Percent3 | Percentage of amount credited for additional Sales Person. |
Credit Amt3 | Credited Amount for additional Sales Person. |
Comm Rate3 | Commission Rate for additional Sales Person. |
Comm Amt3 | Commission Amount for additional Sales Person. |
Comments | Comments on Vendor. Up to 255 characters are allowed in this field. |
Owner | Owner of the record. Typically owner will be any of the user id. E.g.sample_randy@cellarstone.com. By default, Owner will have access to this record. |
The user can create new transaction details such as Tran ID, Tran Line, Status, Customer, product, Group, Rep, etc. For example, to add new transaction details such ACME as Customer, Nuts as Product, Cwinston as Group, etc with the transaction id as "TR06", follow the steps given below:
a. If "Using Rules" is selected, then the transaction will be considered for commission calculation.
b. If "Manual" is selected, then commission should be calculated manually and credit, commission values are to be entered directly on the transaction page in relevant fields.
22. Select any one of the status of the transaction (Active, In Process, On Hold) from the Status drop-down. This will be the current status of the sales transaction in the system.
23. Select the group name for which sale is made from the Group drop-down. You can add new, edit or view the group details in the Group page by clicking the view icon.
24. Select any of transaction types (Draw, Adjustment, Advance, Other, Commission, Bonus) from the Type drop-down. By default, "commission "is selected.
Note: