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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. 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 similar adjustments together and determine the periodicity of recurring adjustments. Name: Enter a name for the adjustment type. 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. 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 jCore does not print the actual 1099 forms. That can be done by extracting Instead, you will need to generate the 1099 report items and feeding provide that information to a third party software that creates and electronically files 1099 forms-party. 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 Flagstatus 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 -Once you have set up your adjustment types, users can begin creating adjustments. They can either create adjustments one at a time or four at a time.
Periodicity:
Adjustment types - :
Adjustment Descriptions - :
Effectivity Dates:
1099 indicator - :
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
Dynamic adjustments are adjustments that have their value calculated each time, rather than being a static amount.
Updating Adjustments
Removing Adjustments
Adding Adjustments
User experience - there are two manual ways to key adjustments - one adjustment at a time 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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