Sales Commission and Costing Calculators

The percentage of money that is paid on the specific amount of sales conducted by the salesperson is known as the commission rate. The total amount of sales and the net profit of the company are some factors on which the commission amount depends.

When a business sells those products, which have a huge difference between profits at different sales, it offers a profit-based commission. This is an effective way for a business to reward the salespersons with the commission amount when they sell the product at a high profit.

When you are running a business where lots of salespeople are working and are being paid commissions, the sales commission calculator is a must-have for you.

What is a sales commission and cost calculator?

It is spreadsheet software that calculates the value of commission that a business is required to pay to its salespersons. The cost a business must incur in the form of a commission is also calculated with the help of this calculator. The sales commission and cost calculator also keeps track of all the sales that have been made by the salespersons that are to be commissioned.

The commission rate is the percentage amount given to the salesmen on a fixed amount of sales; The commission depends on the total amount as well as on other factors like gross and net profit. Sometimes businesses offer a profit-based commission when there is a marked difference between the profits of different products. It could be an additional payment to the salesman who sells the product at the most profitable price.

• If the business wants to take out the overdue cash from some customers, then the sales staff initiates the gain commission on the total cash received from the sales.
• If your business offers a commission on inventory that is going to be obsolete soon, it means that the business wants to kick out those products from the stock.
• If the salesperson brings in an extraordinary percentage of sales, then it is called an override, and the commission rate is quite different and slightly higher than the ordinary rates.

As the name indicates, split commission is distributed among those salespeople who are working together for the same sales; however, if the manager takes some portion of the commission along with the salesmen, then it is also known as split commission.

Hence, there are many forms of sales commission offered to the concerned salesmen to gain better profit and employee satisfaction. Calculating the sales commission in every category is a mindful effort and requires an account officer to do so. To save an extra employee salary for calculating sales commissions, it is better to download online sales commission templates. These calculators estimate the correct percentage of sales commission with a fully customizable option and easy-to-download and print options.

About Template

Calculating the sales commission needs some effort. A business must hire a special account expert for this job. The use of a commission calculator enables the business to calculate everything accurately without hiring anyone.

In this way, a business can save itself a lot of costs. The template has pre-defined formulas that perform the calculations automatically once the user finishes adding data to the spreadsheet calculator.

There are certain fields in this spreadsheet document that ask the user to provide different details, such as total sales amount, the percentage of commission, the quantity of commission, etc. The calculator performs the calculations quickly, which saves the user’s time.

A business performs the calculations manually to pay salespeople. This method is somehow effective. However, when the business grows, the manual calculations become daunting since there are lots of salespeople conducting sales.

Sales Commission Calculator

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File Size: 29 KB

Sales Cost Calculator

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