Commission Rate Logic

Commission Rate Logic

The most important part of setting up client commissions is the logic. There are several logic options when setting up the commission rate. A customer can choose that only certain accounts in a certain status code for that client will collect commissions, they choose that all status codes can be collected on but only if they are in a certain debt group. They choose the range of assigned date, owing balance and settled percent.

 Payment Receivers are used to distinguish Commission Rate Logics in Commission Rates.

For example a rate is set up to take commissions on accounts with the status codes LEG, LEGAL, PRE_LEG, is in the County Debt debt group, and has an assigned age date between 30 days and 999999. In order for them to receive the commissions on these accounts all of the logic selected must be met. Once this is completed the customer will want to hit the APPLY button to save their selections. 

Once the logic criteria is selected, the customer will need to set the percentage amount for each bucket that they are collecting a commission for. 

Any buckets that are not collected on will be at 0%.

In the example below you can see that they will be collecting 25% of the payments on the principal balance, 50% of any NSF fees and 50% of any interest accrued on the account. Once these have been established the customer can then hit save and their rate will be saved on the client commission main page.

Lastly, they are going to go to the Client Profile page, find the Preferences section and choose the commission rate they just created for the client.