When configuration flags CFGEnableCommissionSharing and CFGEnableMultiRoleOnAddressBook are enabled, for Cargo, VC In, and Time Charter contracts as well as their Claims, you can share % Type commissions with internal brokers.
Creating Internal Brokers
Internal brokers are Address Book companies that are both Type W and B and have the Internal check box selected.
You can share commissions with Primary and Secondary Brokers:
- Primary Broker: An internal broker listed on a contract and paid by the same counterparty as an external broker on the contract. Primary Broker commissions directly impact contract financials in the same way that external broker commissions do.
- Secondary Broker: An internal broker listed on a contract and paid a commission share by another internal broker listed on the contract (Broker on the contract Broker grid). Commissions distributions to Secondary Brokers have no impact on contract financials.
Creating Internal Brokers
Internal brokers are Address Book companies that are both Type W and B and have the Internal check box selected.
On the Contacts tab, you can add user emails to associate them with any internal brokerage company.
Setting Default Internal Brokers
To set default internal brokers, create Cargo Broker Rules and Time Charter Broker Rules.
Sharing Commissions
On the Cargo, VC In, TC In, and TC Out Broker grids, an Internal Counterparty column appears to help you set up commission sharing.
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Posting Invoices
When a Primary Broker AP commission invoice (Source Code FCOM, TCOC, TCOM, or RCOM) is posted:
- A mirror AR invoice (Source Code CSHR) is automatically created and posted.
- AP invoices (Source Code CSHP) and mirror AR invoices (Source Code CSHR) are created for all Secondary Broker distributions specified on the contract Broker grid.
Reversing Invoices
To reverse an invoice with Source Code CSHR or CSHP, you must reverse its Primary Broker AP commission invoice. When you do that, the mirror AR invoice and all Secondary Broker commission share invoices are automatically reversed.
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