A commission is one of the most common ways in which a company manages to compensate the salesperson who plays the main role in boosting the sales of the company. A commission is the best way for a company to reward its employees. Salespersons are asked to boost the sales of the company so that they can get a percentage of commission from each sale. This is very beneficial for salespersons since they get extra money other than their basic salary.
Although the companies find it very feasible to pay the commission to salespersons since they play the main role in boosting the sales of the company, the company also has to see the cost it will incur when it pays the commission to its employees. For this purpose, the sales commission and costing calculator are used
What is a sales commission & costing calculator?
A sales commission and costing calculator is a computing tool that is used to calculate the commission to be given to salespersons as well as the cost to the company that it will incur while paying the commission.
File: Excel (.xls) 2007+ and iPad
Size 28 KB
Importance of using the sales commission and costing calculator
A company that has to pay the sales commission to its salespersons calculates it for every individual salesperson. This tool is very important for a company to use when it wants to see whether it is sound for a company to pay a specific amount of commission to the salesperson or not.
There are many factors on which the calculation of sales commission and cost depends. A company has to consider all those factors so that it can ensure that it has made the calculation accurately.
Every business sells its products and services and then gives a commission to its salespersons based on what they sell. This is known as profit-based commission.
Sales commission and costing calculator template
Most people want to calculate the total commission they have to pay to their salespersons but they also want to know how much it will cost them. For this purpose, they use the calculator. Unfortunately, most people don’t know how to use this calculator because they don’t know what factors this calculation does depend on.
The use of the template makes it easy for everyone to calculate the commission as well as the cost. This template is very easy to use because it does not ask the user to be highly efficient or skilled enough. This template has already incorporated all those parameters on which the calculation can be based. In this way, all those people who want to calculate the commission and cost can use this calculator without any hassle
This template enables a person to decide whether to keep giving the same percentage of commission to his salespersons or he should decrease it since the cost is also calculated. In this way, this template becomes a great tool for helping people make some very crucial decisions.
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