Money
Commissions, refunds, payouts, bonuses, tax forms and currency.
10 articles
- How commission plans workA commission plan says what a partner earns from a sale credited to them in one program, and how that money is paid. Each sale is paid by exactly one plan, the one with the highest priority whose…
- Approve commissionsApproving a commission is what makes it payable: it goes into the next payout run. This article shows owners and admins how to find, approve or reject commissions one at a time or in bulk, how to…
- What happens to a commission when a sale is refunded?A refund never edits the commission it undoes. Refficks writes a second entry beside it, a reversal, that takes back the refund's share: if the commission has not been paid yet the two cancel out…
- Pay your partnersThis article takes an owner or admin from approved commission to a payout marked paid: checking who will be paid, building the run, approving it, paying from a file, PayPal, Tremendous or store…
- Pay partners in store creditInstead of money, a partner can be paid in credit on their customer account at your store: a Stripe customer balance, Shopify store credit, or a BigCommerce gift certificate. Refficks adds the credit…
- How bonuses workA bonus is a one-off payment to a partner, written to the commission ledger like any other money they are owed. It recognises something that already happened and costs once; unlike a raise, it…
- Collect tax forms and prepare the 1099-NECRefficks collects your partners' tax declarations (W-9, W-8BEN or W-8BEN-E), can hold payouts until a partner has given one, and adds up what you paid each US partner in the year so you can file…
- Issue self-billed invoices for your partners (UK and EU)With self-billing, you issue each partner's invoice in their name when you pay them, instead of waiting for them to send you one. For companies in the UK or the EU, and only for partners who agree to…
- Change your workspace's currencyEvery workspace starts in US dollars. If you sell in another currency, change it under Settings › Workspace › Organization. Refficks shows you, before you save, which of your own figures stay in the…
- Commission entry types and statusesEvery amount a partner is owed, or that is taken back from them, is a row in the commission ledger. Rows are never edited or deleted: a correction is a new row beside the one it corrects. This page…