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If They Are Paying You:
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1. |
In Contracts, Click on the Guarantee tab, And in the middle of the screen you
will se SRC, which is the Source of your payment set it to a M. |
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2. |
Determine how much money you are expecting in commissions from them – by either
entering a Flat Commission in the Commission Amount field – or by using a
percentage. |
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3. |
Set the Split N on the Buy/Sell panel. |
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4. |
Select the agency that you are splitting with (by doing a CNTRL D from the
Agency # on the Buy/Sell screen). The agency has to be set-up. |
When day after the ending date, the BOD will make entries showing that the
agency you assigned in set #4 (above) owes you a commission amount.
When commissions are received, just process the commission via the dollar
posting process. You would select a ‘C’ disposition for commission. The
system will make all the other entries.
Please note that there should not be any deposits received on these type of
engagements – because typically the agency paying the commission is the same one
receiving the deposits from the Purchaser. |
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If They Are Paying You:
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1. |
The set the Source (SRC) to either a ‘P’ (monies from Purchaser deposits) or ‘A’
(artist). |
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2. |
The amount of the percentage of the commission that you are to receive from the
band (not counting the amount that you are to pay the other agency) – should be
input into the Commission Amount field. You can also enter a percentage. The
percentage must only be the percentage that your agency is to receive. {Both for
this step and the previous one – these fields are on the guarantee panel). |
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3. |
Go to the Buy/Sell Panel. |
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4. |
Set ‘Y’ on the Split flag. |
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5. |
Select the agency that you are splitting with (by doing a CNTRL D from the
Agency # on the Buy/Sell screen). The agency has to be set-up. |
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6. |
Input either the flat rate or the commission percentage that the agency you are
splitting with is to receive. |
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7. |
The amount or percentage added here – will be added to the amount or percentage
that you set on Guarantee panel. |
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8. |
When the date plays, the BOD will show that you now owe the agency X amount of
dollars. It will also show that the Purchaser or the Artist owes you the amount
of both your commission and the agency that you are splitting with. |
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9. |
Once the monies are received, you can either process them as a ‘D’ for deposit
or a ‘C’ commission. The net effect is the same. To process, press the dollar
bill icon. Next select a disposition of A or C and enter the dollar amount. |
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10. |
To have Book-It2000 reflect that you have paid the other agency – regardless of
if you have received the actual commission or not: Select the monetary posting
screen. Next, use a disposition of M. This tells the system that you are writing
a check to the agency for whatever dollar amount that you have entered. |
