You can enter markdowns, taxes, commissions, and insurance information on rental bookings and agreements. These details can affect the cost of the rental at the booking/agreement or line entry levels.
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Entering markdowns
You can choose to mark down the cost of a rental by a specified percentage or amount. You can enter markdowns per booking or agreement, or, if markdowns differ per individual rental line, you can enter this information on the line entry level.
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- From the Rental Booking/Agreement Entry window, choose Details to open the Rental Booking/Agreement Details Entry window.
- Choose Commissions to open the Rental Booking/Agreement Commission Entry window.
- Complete the following fields:
- Commission Method
- Percent of Rates: The commission will be a percentage of the total rental rate. Flat Rate per Unit of Measure: The commission will be a flat dollar amount for every unit of measure.
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- If you are entering commissions for a rental booking, Percent of Rates is the only Commission Method you can choose. After the booking is transferred to an agreement, you have the option of choosing either Percent of Rates or Flat Rate per Unit of Measure.
- Percent of Rates
The commission will be a percentage of the total rental rate. - Flat Rate per Unit of Measure
The commission will be a flat dollar amount for every unit of measure.
- Percent of Rates
- Salesperson ID
- If you are entering commissions for a rental booking, Percent of Rates is the only Commission Method you can choose. After the booking is transferred to an agreement, you have the option of choosing either Percent of Rates or Flat Rate per Unit of Measure.
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Choose the salesperson ID.- Territory ID
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The territory ID automatically fills based on the salesperson ID.- Percent of Sale
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Enter the percent of sales, if you chose the percent of rates commission method.- Flat Dollar Amount
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Enter the flat dollar amount, if you chose the flat rate unit of measure commission method.- Comm Percent
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Enter the percentage of the commission that will go to each salesperson. For example, if there are two sales people, and the commission amount to be distributed is $300, entering 60 for Salesperson A and 40 for Sales person B will distribute $180 (60% of $300) to Salesperson A and $120 (40% of $300) to Salesperson B.The Comm Percent for all salespeople must add up to 100%.
- Choose OK.
Entering insurance information
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