Fixed return on investment

A type of commission agreement where owners receive a fixed amount per invoice period as their payout, minus the commission which is also a fixed amount.

Go to commission agreements to create a new commission agreement.

Name and settlement settings

After a giving the commission agreement a descriptive name, you need to determine how and when settlements are generated.

  • Frequency: How often does a settlement need to be created?

  • Settle relative to agreement start date: Activate to prepare settlements for each full month or other interval, starting on the start date of the owner agreement.

    • This means: settlements will be prepared on the same day of the month that the owner agreement started; i.e. the 15th, or the 2nd.

    • If left inactive, all settlements will be prepared for the first day of a calendar month.

  • Invoice template: Usually the standard settlement template

  • Use VAT of ledger account: Only relevant for specific VAT circumstances in Austria, Belgium. Do not enable unless you are sure that you need it.

Settling costs with owner

If there are any costs (paid by the guest) of which the income needs to be (partially) included in the settlement toward the owner, add them here.

  • The percentage indicates how much of the cost item income is passed on to the owner; the rest is retained by the park.

Fixed amounts of payout and commission

First, enter the amount of fixed payout that the owner should receive for each settlement.

  • Take into account the chosen frequency/interval, and that the commission fee entered below is still to be deducted.

  • The name is the invoice line on the settlement.

  • Select the appropriate ledger account.

Next, enter the amount of fixed commission that you deduct from the payout in each settlement.

  • The name is the invoice line on the settlement.

  • Select the appropriate ledger account.