Enabling commissions allows Timekeepers to earn specified percentages on Matters they work on. This week’s Tip of the Week takes a look at how to enable commissions, set them up for Responsible and Originating Timekeepers on the Matter, and run a Revenue & Commissions report.
To enable commissions, click on Account>Settings>General>Enable Commissions.
Originator Timekeeper commissions can be set under Clients>Clients & Matters>[Matter name]>Originators. TimeSolv allows users to add as many Originating Attorneys as needed against a Matter so that commissions can be distributed accordingly, and Administrators can specify a commission for each of the Originating Attorney added against a Matter.
Users with access to reports will also be able to see the commissions for each Originating Attorney at the reporting level. The reports that currently run Originating Attorneys are:
- Invoices and WIP Aging report
- Payment History report
- Revenue and Commission report
Commissions for Responsibly Attorneys can be set under the Matter details: Clients>Clients & Matters>[Matter name] – under the ‘General’ tab there is a field to specify the ‘Responsible Timekeeper’. Once you select the Responsible Timekeeper, you will see a new field appear allowing you to define the commission amount.
Revenue and Commissions Report
Commissions on reports are only visible to Administrator users. To run a Revenue and Commissions report head under Reports>Revenue and Commissions Report. This report will display revenue and commissions collected per Timekeeper and Responsible Timekeeper. Commissions will appear with a percentage column and the amount collected column against the Timekeeper and Matter.
If you’d like to contact TimeSolv support for help, please call 1.800.715.1284 or schedule a FREE 30-minute session now!