Sales Commission & Costing
Commission rate is the percentage amount given to the salesmen on a fixed amount of sales; Commission depends on the total amount as well as on other factors like gross and net profit. At sometimes business offers a profit based commission when there is a marked difference between the profits of different products. It could be an additional payment to the salesman who sells the product at the most profitable price.
- If the business wants to take out the overdue cash from some customers than the sales staff is initiated the gain commission on the total cash received from the sales.
- If your business offers a commission on inventory which is going to be obsolete soon, it means that the business wants to kick out those products from the stocks.
- If the sales person brings some extraordinary percentage of sales then it is called override than the commission rate is quite different and slightly high from the ordinary rates.
As the name indicates split commission is distributed among those salespeople who are working together for the same sales, however, if the manager takes some portion of the commission along with the salesmen then also it is known as a split commission.
Hence there are many forms of sales commission offered to the concern salesmen for gaining better profit and employee satisfaction. Calculating the sales commission in every category is a mindful effort and needs an account officer to do so, to save an extra employee salary for calculating sales commission, it is better to download online free templates of sales commission template. These calculators estimate the correct percentage of sales commission with a fully customizable option and easy to download and print options.
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Sales Commission Calculator Template
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Sales Costing Calculator Template
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