Many businesses, in addition to employees with fixed salaries, also have employees whose salaries are commission-based or a combination of fixed and commission-based. Fixed salaries are straightforward and require no calculations unless there is overtime. However, calculating the salaries of commission-based employees can be challenging because you need to track every service or sale made by your staff, which is both time-consuming and complex.
But don't worry, because at Finty, we've solved this challenge for you. With just a few simple clicks, you can automate all these tasks.
Steps to Automate Salary Calculations:
Add Employees:
Go to the "Users" menu and select "Access". Then add your staff to Finty.
Set Commission Rates:
In the same window, under "Sales Profit Commission" and "Repair Profit Commission", enter the commission rates for your salespeople and repair technicians.
Then click "Save".
Handle Multiple Commission Types:
If you have employees who earn commissions from both sales and services, you can enter their rates separately. Each time a sale or service is completed, Finty will automatically calculate both your profit and the employee's commission.
View Financial Reports:
To see the income from sales and service profits, go to "Financial Reports" and check the "Sales Profit" or "Service Profit" sections.
To view the profit for each employee, use the "Filter" option and select the employee's name. You can also use other filters for more precise results.
Important Notes:
Mandatory Fields:
Fields marked with red lines in any part of the software are mandatory. If left empty, the "Save" button will not work.
Training Data:
Please note that all information such as names, phone numbers, and account numbers are fictional and used solely for training purposes.
