Sales commissions
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Jim Steele
Sales commissions
What's the difference betwee a "hard" pack and a "commission" pack when calculating sales commissions?
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texaslp
Sales commissions
I've never actually heard the term hard pack.
A commission pack is a figure that is used to calculate sales commission only, it is not posted anywhere as an accounting entry.
My guess would be that a hard pack would be something that is an accouting entry that adds an amount to the cost of the vehicle and is credited elsewhere like a wholesale reserve or an offset to delivery expense.
A commission pack is a figure that is used to calculate sales commission only, it is not posted anywhere as an accounting entry.
My guess would be that a hard pack would be something that is an accouting entry that adds an amount to the cost of the vehicle and is credited elsewhere like a wholesale reserve or an offset to delivery expense.
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Jim Steele
Sales commissions
Thank you.
I hadn't heard the term before either. My understanding of the pack is a somewhat arbitrary number, say $500, that is deducted from gross profit before commissions are calculated. It's ostensibly to cover the cost of advertising, floor plan, etc.
I hadn't heard the term before either. My understanding of the pack is a somewhat arbitrary number, say $500, that is deducted from gross profit before commissions are calculated. It's ostensibly to cover the cost of advertising, floor plan, etc.