Slick's default setting for all reporting is to show financial amounts inclusive of VAT
If you wish to use Slick's automated commission split for non-VAT registered chair renters, then you will need to adjust the % commission to remove the VAT.
If the chair renter is on athen you will need to change the % so their commission is calculated exclusive of VAT.
Worked Example
Staff Member A is on a 50%/ 50% revenue agreement but is not VAT registered.
The business has just taken a client bill of £100 INCLUDING VAT
The agreement between the business and Staff Member A is a revenue share of 50% EXCLUDING VAT
Calculation
£100 ex VAT = £83.33
50% of £83.33 = £41.67
£41.67 is the commission that is due to Staff Member A. The business will receive the balance of the £100 inc VAT i.e £58.33
To ensure Staff member A receives their 50% share EX VAT, we enter 41.67% into the Commission Table
By activating Split Commission Payments, the Slick account owner takes full responsibility for ensuring staff % commission rates are accurate. As per Slick's Terms and Conditions, Slick disclaims all liability from any errors arising as a result of incomplete or incorrectly entered commission rates.
If your are struggling with this or want these checked, then accountant or book keeper will be able to do these calculations for you.
Unfortunately, whilst our team can advise on HOW to set up the feature, our team members are prohibited by our Terms and Conditions in assiting you with these calculatons