Reversal of Sales commission on receipt of payment

[Former Member]

Hi Friends,

I need to have the following in my system...

Reversal of Sales commission on receipt of payment.

We need to reverse any excess commission calculated on the basis of the payment received against invoices on which commission has been provided by us

For eg.:-

Sales 15.09.2011 Rs. 1000 Due on 14/12/2011

Commission provided Rs. 40 (Automatically)

Commission Reversal Rs. 10 Reversed on 31.10.2011

Commission Reversal Rs. 10 Reversed on 30.11.2011

Payment recd on 15.12.11

Net Commission Payable Rs. 20 (1% Basic & 1% incentive)

In case we do not receive the amount by 17.12.2011, then we would further reverse 1% commission

your response wud be highly appritiated

Thanks in advance

[Former Member · Accepted solution]

Hi one option is FI guys do the manual adjustment or post FI Cr notes.

Regards

Raghu.

[Former Member]

can payment terms be used for this?

[Former Member]

Hi, yes shobhit..pls try and implement payment terms with cash discount (skto cond type) in your pricing procedure and get back if you're stuck somewhere..because this is exactly the concept of payment terms and cash discount.

Regards

Raghu.