How do I calculate the commission report?
One of the most effective ways to calculate Commission reports is to use the SUMPRODUCT formula in Sourcetable. This formula enables you to calculate the total payout using a tiered rate table. To use this formula, type
=SUMPRODUCT(range*rate) into the cell where you wish to display the result. Replace
range with the range of cells that contain the values you wish to multiply, and replace
rate with the cells that contain the rate you wish to use.
What is a commission report?
A commission report is a document that provides detailed information about the commissions earned by an individual, salesperson, broker, or organization for facilitating transactions or sales. The report typically includes data such as commission rates, transaction values, payment dates, and the total amount of commissions earned during a specific period.