Managing commission-based salaries can be complex, but quick commission salary calculation in Finty makes it easier than ever! Many businesses have employees with commission-based or hybrid salaries, requiring detailed tracking of every service or sale. This can often be time-consuming and prone to errors.
With Finty’s automated tools, you can streamline the process and handle commission calculations with just a few clicks.
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Steps to Automate Quick Commission Salary Calculation:
- Enable Automatic Commission Calculation
Start by navigating to the “Users” menu and selecting the “Profile” service.
Make sure the option for “Automatically calculate commission percentages for sales and repair staff (Enable staff report service)” is checked.
This setting ensures that commissions are calculated for every sale or service provided by your staff.
- Add Employees to Finty
Go to the “Users” menu and select “Access.”
Add your team members to Finty.
- Set Commission Rates
In the same window, under “Sales Profit Commission” and “Repair Profit Commission,” input the commission rates for your staff.
Click “Save” once completed.
- Handle Multiple Commission Types
If your employees earn commissions from both sales and services, enter their rates separately. Finty will calculate both your profit and their commission for every completed sale or service.
View Financial Reports for Commission Salary Calculation
To track employee commissions:
- Go to the “Financial Reports” section.
- Check either the “Sales Profit” or “Service Profit” sections.
- Use the Filter option to view individual employee commissions.
- Refine results further by setting dates in the “Date from” and “Date to” fields for specific timeframes.
- Click “Search” to display detailed commission reports.
Want to see this feature in action? Visit the Finty YouTube Channel for detailed video tutorials and insights into how our software can help you streamline your business operations.
Additionally, you can learn how to manage your customer list. Check out our guide on Add Customers in Finty: 3 Easy Steps for Better Workflow.
Why Automate Salary Calculations in Finty?
- Save Time: Automating the process reduces manual work and eliminates errors.
- Boost Accuracy: Ensures every sale or service is accurately recorded for commission calculations.
- Enhance Transparency: Employees can see clear breakdowns of their commissions.
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.