Creating a Payable/Payee enables profit-sharing for sales within your shops. When your company receives commission payments, each payable created will be listed as a line item, along with their earned commissions, based on the percentage you choose to share with them.
Payables/Payees do not need to be users, but you can link users to Payables you create.
Your company will receive a check monthly for all commissions and profits associated with its shops. Checks will be mailed to the address associated with the company's Shop Administrator for distribution to Shop Creators and Payables. When your company receives its monthly check, they will utilize the reporting feature built into the platform to verify commission amounts owed to Shop Creators and Payables.
The Sales by Payable report will provide a summary of Total Commission owed to each Shop Creator and Shop Payable. For more information on Reporting features in the platform, click here.
Adding a Payable for a Non-User:
If you'd like to share profit with your client without giving them access to their shop, you can create a Payable to set aside their earnings without creating them a user login. To add a Payable without creating a user, first navigate to the store you’d like your Payable to be associated with.
Next, click Commissions in the left navigation menu.
If profit-sharing rules already exist for this shop or directory, you will see them listed here.
If no profit-sharing rules exist, you can enable them by clicking the "Share Commissions with This Shop" checkbox.
Next, enter the name and email of the person with whom you'd like to share profits, along with the percentage of your markup you’d like to share with your Payable. This percentage can be anywhere from 1 to 100%.
If you'd like, you can also enter address information for your payable by clicking "Include optional address information for commission reporting" below the Payee name and entering the address.
When you’re finished, click Save Changes.
Please note that in order for Shop Creators to share markup with a Payable, you will need to add markup to your products. Only a Shop Administrator can share base commission with a Payable.
Adding a Payable for a New User:
Shop Administrators can create Shop Administrators, Shop Creators, and Report Viewers. Each of these account types can be linked to a Payable to enable profit sharing. Linking a user to a Payable will automate the accounting of their commissions for easy distribution of their earnings.
During the Account Creation process, you can enable profit sharing for any users you create by clicking "Enable Profit Sharing for this user" in the top right corner of the screen.
After saving, you will be prompted to create new Payable rules for the user you're creating. Depending on your user role and location in your account, you will be given the option to share a percentage your product markup and/or base commission.
If you'd like, you can also enter address information for your payable by clicking "Include optional address information for commission reporting" below the Payee name and entering the address.
In some circumstances, you may be given the option to link this new user to an existing payable. If multiple users are linked to a payable, the commissions will be attributed to both users.
If adding multiple Shop Administrators to a company directory, each Shop Administrator should be linked to the same Payable at the company directory level.
For a step-by-step guide on how to manage your product pricing, please review our tutorial on the subject here.