heat123
Silver Member
- 6,977
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
A commission statement is a document that outlines the details of a salesperson's or employee's earnings and commissions for a specific period of time. It typically includes information such as the total sales made, commissions earned, and any deductions or expenses.
The frequency of commission statements can vary depending on the company, but they are typically issued on a monthly or quarterly basis. Some companies may also issue them on a bi-weekly or yearly basis.
A commission statement will usually include the salesperson's or employee's name and ID number, sales or commission period, total sales made, commissions earned, any deductions or expenses, and the net amount due. It may also include additional details such as sales goals, performance metrics, and tax information.
While both commission statements and pay stubs provide information about an employee's earnings, they are different in several ways. Commission statements focus specifically on commissions earned from sales, while pay stubs include information on regular wages, taxes, and deductions. Additionally, commission statements are usually issued less frequently than pay stubs.
Most companies will provide commission statements through an online portal or via email. You can also request a physical copy from your employer if needed. If you are an independent contractor or self-employed, you may need to create your own commission statements using a spreadsheet or accounting software.