What is an example of commission?

A fee paid for services, usually a percentage of the total cost. Example: City Gallery sold Amanda's painting for $500, so Amanda paid them a 10% commission (of $50).

US Legal Forms
Commission Summary

Commission Summary

Name: Commission Summary
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.84 (325 reviews)

Category:

Employment - Summaries

State:

Multi-State

Control #:

US-04073BG

Format:

Instant download

Description

This form is a table showing the following information:

" Period Covered;
" Salesperson's name;
" Territory;
" Date Commissioned Earned;
" Order #;
" Name of Client;
" Commission; and
" Amount of Sale

Totals are shown at the bottom of the form.

View Motion for Default

View this form

View Residential Schedule

View this form

View Indian Child Welfare Act Notice (Non-Parent Custody)

View this form

View Final Order On Petition To Challenge Paternity Acknowledgment Or Denial

View this form

View Final Order And Findings On Petition To Change A Parenting Plan

View this form

View Final Order Denying Non-Parent Custody

View this form

How to fill out Commission Summary?

Make use of the most complete legal catalogue of forms. US Legal Forms is the best platform for getting up-to-date Commission Summary templates. Our service offers thousands of legal documents drafted by licensed attorneys and grouped by state.

To obtain a template from US Legal Forms, users simply need to sign up for a free account first. If you are already registered on our service, log in and choose the template you need and buy it. After purchasing templates, users can find them in the My Forms section.

To get a US Legal Forms subscription online, follow the steps listed below:

Check if the Form name you’ve found is state-specific and suits your requirements.
When the template features a Preview function, use it to review the sample.
If the sample does not suit you, make use of the search bar to find a better one.
PressClick Buy Now if the template corresponds to your requirements.
Select a pricing plan.
Create a free account.
Pay via PayPal or with yourr debit/visa or mastercard.
Select a document format and download the sample.
As soon as it is downloaded, print it and fill it out.

Save your effort and time with our platform to find, download, and fill in the Form name. Join thousands of satisfied clients who’re already using US Legal Forms!

Form Rating

4.84

Satisfied(325)

Form popularity

FAQ

Just take sale price, multiply it by the commission percentage, divide it by 100. An example calculation: a blue widget is sold for $70 . The sales person works on a commission - he/she gets 14% out of every transaction, which amounts to $9.80 .

Under the cash basis of accounting, you should record a commission when it is paid, so there is a credit to the cash account and a debit to the commission expense account. You can classify the commission expense as part of the cost of goods sold, since it directly relates to the sale of goods or services.

The Commission Summary report summarizes the compensation for all salespeople for the period you specify and year-to-date.If you run this report in salesrep currency, then the amounts reflect the currency associated with the value in the Rep Name field (the salesperson's name).

A fee paid for services, usually a percentage of the total cost. Example: City Gallery sold Amanda's painting for $500, so Amanda paid them a 10% commission (of $50).

In terms of structure, a commission is money paid by an employer to an employee on a regular basis, in payment for services rendered on the job. Upon being established as a for-commission worker, fully or partially, that employee will receive his or her paycheck, either via regular paycheck or automatic deposit.

Commission Summary

Description

Related forms

How to fill out Commission Summary?

Show more info

Form Rating

Form popularity

FAQ

What is the commission formula?

How do you record commission expense?

What is a commission summary?

What is an example of commission?

What is commission and how does it work?

Trusted and secure by over 3 million people of the world’s leading companies