Broker Commission Question

Functionality discussions and feature requests

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lfoster
Posts: 51
Joined: Fri Oct 03, 2008 9:49 am

Broker Commission Question

Post by lfoster »

I want to have members pay $1.00 per year as Account Fee.

I want Broker to receive 40% of this fee.

I set up a system account named Account Fees. This is where all the member fees will be deposited to.

I then set up a Broker Commission "Will Be Charged: System Account"
"Will Receive: Paying Members Broker"
"Generated Transaction Type: Broker Commission Payment"
"Amount 40%"

So, each year the member will be charged $1.00 as a Fee. Will the Broker receive 40% of this and will the 40% come out of the System Account Fee?
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