On this tab of the form, you can provide information on commission to be paid to the consignee.
The "Consignee Report (create)" form. The Commission Details tab
In the Commission field, you can select how the commission will be paid:
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In the Commission Rate field, you can type the percent of commission to be applied within the selected method of calculation.
Using the Calculation Method field, you can select one of the following commission calculation methods:
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In the Item field, select an item of the Service type that designates the commission as a service and has specific default GL accounts assigned. Notice the account numbers as links to the right of the field.
Using the Expense Item field, you can associate the commission with specific expense item.
The Amount field is populated with the commission amount calculated for this document.
The Taxation field appears once the commission amount becomes a nonzero value. The option in the field indicates whether VAT is applied to the commission amount.
You can select the Prices include VAT option if commission amount includes VAT.
The VAT Rate field shows the rate applicable to the commission.
The VAT Amount field is populated with the tax amount calculated on commission.
The Total field is populated with the commission total due on this document (including VAT) .
Notice Generate Tax Invoice button and the corresponding fields at the bottom of the form. Provide the Invoice Received's data and click the button to generate the document.
The document registers VAT to be paid to the agent on commissions.