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AdminNewbie Commission Formula Hell!
Ok, so I am a complete newbie to salesforce, started using as an administrator in early December. I have managed setup until this point.
I have been asked by my boss to convert our extensive commission table into a formula so that sales reps can keep track of their commission on each opportunity and also as a grand total. The commission table is fairly complicated with commission rate (%) changing for every $200 increase (or part thereof) in MRR (monthly recurring revenue) from $800 to $3000 and then by every $500 increase (or part thereof) from $3500 to $5000 and finally by every $1000 increase (or part thereof) after $5000!
Example:
(Com. = commission)
Installed MRR Incremental MRR Com. Multiplier Incremental Com. Total Com.
$800 0 0% 0 0
$1,000 $200 125% $250 $250
$1,200 $200 150% $300 $550
$1,400 $200 175% $350 $900
The table goes on with different incremental MRR changes and commissions.
I am having to transfer this data into a mathmatical formula first, I assume, and then put it into a formula for salesforce, is this correct?
How would I write the formula with all these changes, it just seems very confusing??
Thanks for any help or encouragement, I really need it :)
I have been asked by my boss to convert our extensive commission table into a formula so that sales reps can keep track of their commission on each opportunity and also as a grand total. The commission table is fairly complicated with commission rate (%) changing for every $200 increase (or part thereof) in MRR (monthly recurring revenue) from $800 to $3000 and then by every $500 increase (or part thereof) from $3500 to $5000 and finally by every $1000 increase (or part thereof) after $5000!
Example:
(Com. = commission)
Installed MRR Incremental MRR Com. Multiplier Incremental Com. Total Com.
$800 0 0% 0 0
$1,000 $200 125% $250 $250
$1,200 $200 150% $300 $550
$1,400 $200 175% $350 $900
The table goes on with different incremental MRR changes and commissions.
I am having to transfer this data into a mathmatical formula first, I assume, and then put it into a formula for salesforce, is this correct?
How would I write the formula with all these changes, it just seems very confusing??
Thanks for any help or encouragement, I really need it :)