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Overview
The Adjustment Monitor allows Commissions teams to manage Ad Hoc, Recurring, and Dynamic adjustments. Whenever the system applies an adjustment to a rep’s compensation, it creates Adjustment Credit Event. Reps can see these adjustments on the statements generated by the system during each pay period.
Creating Adjustments
Periodicity - how often a recurring adjustment is applied
Adjustment types - an adjustment class that will group like adjustments - will also determine periodicity if recurring
You can view the Credit Event Monitor guide for more information on these types of events.
Setup
The Setup tab has two subtabs: Adjustment Type and Adjustment Status Flags. Click the tabs below to learn more.
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This tab allows you to create reusable adjustment types that users can then select when creating adjustments. These adjustment types group like adjustments and determine the periodicity of recurring adjustments. Name: Description: specific information that will print on the statement to ensure the rep understands why the adjustment is being applied to his statement. We want to avoid calls into the payroll team questioning why they had $X deducted etc. |
Effectivity Dates
Peridocity: how often a recurring adjustment is applied Cash Advance: Include on 1099: used for year-end reporting to determine if an adjustment should be included in the 1099 tax amounts reported to the IRS Note: we do not print the actual 1099 forms. That can be done by extracting the 1099 report items and feeding a third party software that creates and electronically files 1099 forms. Dynamic: Product Category: Provider: Product Type: Trade Operation: Revenue Type: Account: Negative: Rep. Company: Algorithm:
Status flags appear in many other parts of the jCore system. A status flag works like a true/false or yes/no. Once you create a status flag, users can enable it for any adjustment they create. Status Flag Name: Enter a name for the Status Flag. Description: Enter a description of the status flag, such as when users should enable the flag. Flag Value: The flag value must be unique across all status flags in your system. |
Creating Adjustments
Periodicity -
Adjustment types -
Adjustment Descriptions -
Effectivity Dates
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Ad Hoc/One Time Adjustments
Adjustment loader - regular upload usually used for ad hoc/one time adjustments
Recurring Adjustments
How to end a recurring adjustment early
Dynamic Adjustments
Updating
AdjustmmentsAdjustments
Removing Adjustments
Adding Adjustments
User experience - there are two manual ways to key adjustments - the one adjustment at a time and a 4 adjustment or four adjustments at a time (for bulk keying of adjustments)
Audience: Commissions Administrators, Commissions Managers
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Functionality: The Adjustment Monitor allows Commissions teams to manage Ad Hoc, Recurring, and Dynamic adjustments. |
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