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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 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: jCore does not print the actual 1099 forms. Instead, you will need to generate the 1099 report and provide that information to a third-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 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
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 timeclick Add Adjustment (1 adjustment) or Add Multiple Adjustments (4 adjustments). There are 9 fields on these adjustment windows.
Assigned To: Select the employee, location, team, or company that the adjustment applies to.
Type: Select the Adjustment Type.
Periodicity:
Adjustment types:
Adjustment Descriptions:
Effectivity Dates:
Set by Type.
Value: Set the value for the adjustment.
Note: Enter $1 for dynamic adjustments.
Number Per Period: Set by Type.
Adjustment Date:
Effective From: Set by Type.
Effective To: Set by Type.
Description: Enter a description for this adjustment. This description will appear on reports.
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
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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