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
Adjustment Descriptions - 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
1099 indicator - 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.
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 Adjustmments
Removing Adjustments
Adding Adjustments
User experience - there are two manual ways to key adjustments - the one adjustment at a time and a 4 adjustment at a time (for bulk keying of adjustments)
