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The pool management Company may charge Participants for management fees/commissions. To incorporate Pooling Management Fees into your workflow, make sure configuration flag CFGPoolCommByAccount is enabled and then do the following:
- VIP - Pooling Management Fee
- Assign Pooling Management Fee by Vessel
- VIP - Pooling Management Fee
Set Up Pooling Management Fee Accounts
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| title | Related Configuration Flags |
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| Name/Flag | Description |
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Pool Comm by Account
CFGPoolCommByAccount | When enabled, Pooling Management Fee and owner's commission calculation will be based on the amount in the accounts with Mgt selected in the Chart of Accounts. | Use Itemized Commission Rate
CFGUseItemizedCommissionRate | Enables setting multiple Commission rates for different Pool Vessels and adds Mgt Fee % and Mgt Fee/Day columns to the Pools and Pool Assignment forms. | Distribute Pool Comm
CFGDistributePoolComm | Calculates the Pooling Commission based on the Gross IncomeWhen enabled, the pool management fee is calculated as a percentage of gross revenues and distributed in the same way as the pool result. When disabled, the pool management fee is calculated as a percentage of the vessel's net income after pooling. |
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