Multi Vendor Marketplace Plugin | WCFM Marketplace › Forums › WCFM – Marketplace (WooCommerce Multivendor Marketplace) › Commission settlement slams not clear, gives us different value
Tagged: Commission, membership, pay
- This topic has 2 replies, 2 voices, and was last updated 4 years, 6 months ago by lilia.parra.
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- February 20, 2020 at 6:46 pm #108051Juan EcheverriParticipant
Good afternoon, we are already finishing implementing the WCFM marketplace but we are stuck with commissions. we simply try to understand how the system generates and settles commissions but does not give us anywhere.
I’m going to explain how I set up my WCFM and how commissions should be taken out and how much I owe the clothing brand in this case
Marketplace: Lefem
Allied Brand: Clothing and Accessories“Basic Plan” – on this plan we have been testing
Commission for Administrator: It is not very clear the information of the tutorials, I assume that the commission is for us the administrators and the configured values is what we charge the customer, the differential value of the (tax sale) – (commission tax)Membership – Free
Collection type: Fixed percentage
Percentage: 23.99%
Fixed: $4,500 COPI will expose a specific case that we have in the system to evaluate.
Shop: Blunua
Product: Bracelet Two Moons
Quantity: 3
Unit Price: $46,000
Total: $138,000
VAT 19% sale: $26,220
Order Total: $164,220 COPSo far everything goes very well now I will show the commission settlement as it should be or as it is our accountant.
Commission:
Base Commission Value: $138,000 (before VAT)
Percent 23.99%: $33,106.20
Fixed $4,500 x 3 products: $13,500
Total Commission: $4Total Commission: $4 6,606.20
VAT 19%: $8,855.18
Total commission payment: $55,461.38 COPLefem collects the money and returns to the company the difference value after deducting the commission.
Sell Value: $164,220 COP
Commission value: $55,461.38 COP
Total to consign to brand clothing: $108,758.62We have made this formula with multiple purchases and it is always different from the one that gives us the WCFM system.
WFCM Liquidation
Order 6918
Store: Blunua
Product: Two Moons Bracelet
Quantity: 3
Unit price: $46,000
Total: $138,000
VAT 19% sale: $26,220
Total order: $164,220 COPWITHDRAWAL INVOICE
Line Total $138.000,00
Tax $26.220,00
Shipping $0,00
Shipping Tax $0,00Gross Earning $131.100,30
IVA (19%) -$24.909,06
Total Earning $106.191,24
Withdrawal Charges $0,00
Paid Amount $106.191,24The system says the commission is $58,028.76
We haven’t been able to know where the values come from $131,100.30 and because the VAT is subtracted – $24,909.06
They could explain in detail how to settle the commissions so that they can better understand the system. No value matches the manual settlement that we do in basic excel
Question: The value of $106,191.24 is the value to be consigned to the company or brand affiliated to the Marketplace, The Lefem commission collection invoice is not issued directly from the platform?
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You must be logged in to view attached files. - February 25, 2020 at 9:24 pm #108787Juan EcheverriParticipant
Sale $150,000
TAX 19% sale: $28,500
Total sale: $178,500Base commission: $150,000
Commission 20%: $30,000
TAX 19% Commission: $5,700
Total commission: $35.700
The customer i must resign $178,500 – $35,700 = $142,800 and not $120,285 as shown by the systemThe commission tax is $30,000 and not $148,500 as the system is currently taking out.
The mistake is that you’re taking the TAX out of the total sale subtraction fee $178,500 minus my commission. $30, 000. (it’s wrong) should be from my $30,000 commission and then subtract it from the value of $148,500
Base commission: $150,000
Commission 20%: $30,000
TAX 19% Commission: $5,700
Total commission: $35,700Full commission operation
Total sales: $150,000
+IVA 19% sale $28,500
=Total sale: 178,500
-Commission $30,000 ($150,000 x 20% commission)
=Gross profit: $148,500
-VAT (19%) commission: $5,700 ($30,000 x 19% VAT)
=Total $142,800NO $120.285 Current system
Please check this with a financier. This can create big problems with customers
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You must be logged in to view attached files. - April 19, 2020 at 10:01 am #120524lilia.parraParticipant
Hi Juan! I have a similar problem with my marketplace commission. Do they gave you a solution? Thanks!
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