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This facility is useful where collection commission is only charged on fixed monthly charges, and not on other, usually variable charges.  An example of this is where the agreed commission rate can only be charged for rental charged and collected, but not on the recovery of electricity charged.

 

To achieve this before the introduction of this limiting facility, the commissionable amount had to be adjusted when capturing the receipt, the user having to consider the fees raised and the commission already charged.

 

Commission limiting is activated for all properties linked to an Agent/Division when the activate control flag is set to Y ( Agent Maintenance Screen)

 

When active, irrespective of the commissionable amount, commission for any receipt will be limited to:

 

Normal commission based on the properties commission rate and the actual fees raised from the unit/s, LESS

 

Notes:

 

If there is more than one receipt for the same property in a batch, the limiting rule will be applied to the total of the receipts.

 

If there is more than one unit in a property, the limiting will be based on an accumulation of all units' fees raised for the month.

 

If for any reason the month to date balance on GL code 6091 is negative, the limit will effectively be increased by the credit balance.

 

Full commission and limited commission within one account can be achieved by linking properties to relevant Agents/Divisions.

 

 

Use the Commission Actual vs Fees Raised report to highlight exceptions and correct any errors using the Fees to a Landlord screen.