Managely Pro supports both royalties and commissions. Royalties are payments made to the owner of a property or an asset in exchange for its use. Commissions are payments made to an employee for selling certain goods or services.
On the RMR page (Accounts Receivable > RMR), the Recurring Royalties/Commissions tab shows the royalties and commissions associated with recurring invoices after they have been generated.
You can add royalties and commissions to recurring invoices. Managely calculates these each time a recurring invoice is generated for a customer. Set this up after entering RMR for a customer.
Recurring Royalties
Follow this section to set up recurring royalties:
Open a customer RMR:
- CRM > Customers > Customer Detail > RMR tab > RMR #
-OR-
- Accounts Receivable > RMR > RMR #
On the RMR detail page, click the Royalties/Commissions tab:
Click the Add Royalty/Commissions button. This opens the Add Royalty/Commission form:
Is Percentage: Off by default. If you set this to ON, the Amount field changes to Percentage.
Amount (or Percentage): Type the amount (or percentage) of royalty for the RMR.
Type: Choose Vendor.
Vendor: Choose the vendor to receive the royalty.
Start Date: Choose the date the royalty starts
End Date: Choose the date the royalty ends.
When finished, click Save.
The royalty appears in the grid. You can add additional royalties.
Recurring Commissions
Follow this section to set up recurring commissions:
Open a customer RMR:
- CRM > Customers > Customer Detail > RMR tab > RMR #
-OR-
- Accounts Receivable > RMR > RMR #
On the RMR detail page, click the Royalties/Commissions tab:
Click the Add Royalty/Commissions button. This opens the Add Royalty/Commission form:
Is Percentage: Off by default. If you set this to ON, the Amount field changes to Percentage.
Amount (or Percentage): Type the amount (or percentage) of commission for the RMR.
Type: Choose Employee.
Employee: Choose an employee to receive the commission.
Start Date: Choose the date the commission starts
End Date: Choose the date the commission ends.
When finished, click Save.
The commission appears in the grid. You can add additional commissions.
