Sales Partners Commission

Sales Partners Commission shows, for each sales partner or agent recorded on a Sales Invoice, the total sales they brought in and the commission due at the rate on their Sales Partner record. Travel agents, dealers and referral partners are common in Nepali tourism and trade, and this report is the basis for settling them each month and for the TDS you must withhold on the commission paid. It only counts invoices where the Sales Partner field was filled, so untagged invoices earn nobody a commission; commission is on the net amount before VAT. An agent at 5 percent on Rs 32,000 of referred sales is owed Rs 1,600. The payment itself is a separate Purchase Invoice or Journal Entry.

Commission = Net sales amount of invoices tagged to the partner x Commission rate on the Sales Partner record

1. 01Set the commission rate on each partner in Selling > Sales Partner.
2. 02Tag each referred invoice with the partner in the Sales Partner field before submitting.
3. 03Go to Financial Reports > Sales Partners Commission and set the date range or Sales Partner.
4. 04Read Total Sales, Commission Rate and Total Commission per partner.
5. 05Book the commission with a Purchase Invoice or Journal Entry, withholding TDS at the applicable rate.
6. 06Pay with Payments > Payment Entry and keep the report as the supporting working.

Open monthly to settle agent commissions.

An agent at 5 percent on Rs 32,000 of referred sales is owed Rs 1,600.