Finance Agency Commission 

Finance Agency Commission feature is for users to automatically be able to calculate and record the commission charges by finance agencies.

Users can add a commission percentage for each finance agency,the system calculates the commission amount during ‘Recieve Deposit’, displays it for each invoice and as a total, and automatically creates the required financial transactions. 

Reduces manual calculations and ensures accurate financial records.

Use this feature when finance agencies deduct a commission from customer payments. It helps businesses accurately track commission charges, view deducted amounts while receiving payments, and automatically record the commission in the finance books 

STEP 1 : Navigate to settings and Enable the Finance Agency Commission Check Box

STEP 2 : Define Finance Agency percentage charges.

• In the Receive Payment from Finance Agency screen,
• Select the Finance Agency 
• The Defined percentage will be seen in a message 

STEP 3 : Commission Amount During Receive Payment 

• Go to Sales
• Click on Receive Payments 

• Click on Receive Payments From Finance Agency 

NOTE: This will open a screen where finance agencies can be selected and it will show all the customers associated with them. 

NOTE: The Financy Agency Charge will be displayed after selecting the Agency. It will display the percentage and the grid will display the list of customers. 

The Column Finance Agency Amount will give the individual breakdown of amount

STEP 4 : Select the Customer to Receive Payment from 

When you select the payment mode, the system will show the Total Commission Amount the finance agency deducts from the total payment.

STEP 5 : Navigate to Financial Transaction 

NOTE: AltheaSuite Will create the transaction and display it in the module above