Commission Based IC Pay Timing

Commission Based IC Pay Timing

Commission Based IC Pay Structure

Commission-based independent contractors (ICs) are paid two times per month as follows:

  • 1st - Requested Advancement (Approved by Sales Manager)

  • 16th - Balance of Commission Payment

 

Accounting inputs the approved commission amount into the subsequent Accounts Payable (AP) report by the 10th of the month. The AP report is submitted to senior management every Tuesday for approval. Once management approval is received, checks are mailed out within 24 hrs of the approval.

Exception: When the 10th falls on a Tuesday then the AP report will be on the following Monday.

If an independent contractor wishes to pick up their check, a written request via email to accounting@crittendenresearch.com, must be made before the AP report is approved. Accounting will hold the check for 24 hours, and if not picked up within that time, the check will be mailed.

For advancements, requests must be sent to the Sales Manager by the 15th of the month. If approved, the request must reach accounting by the 20th. The requested amount will be included in the following AP report, produced on the next Tuesday. Similarly, if an independent contractor prefers to pick up their check, a written request via email to accounting@crittendenresearch.com, is required before the AP report  is approved, and Accounting will hold the check for 24 hours before mailing it if not picked up.

    • Related Articles

    • Hourly Based IC Pay Structure

      Hourly Based IC Pay Structure Hourly-based independent contractors (ICs) are paid two times per month as follows: Period 1- work completed from the 1st through the 15th of the month. Period 2- work completed from the 16th through the last day of the ...

    • Commission Procedures

      Commission Procedures Table of Contents Link to Main Section 1 Link to Main Section 2 Additional Instructions Other Details Overview of the SOP - This document is intended to be used as a template that can guide future SOP creation or for quick edit ...

    • Tracking Bonuses *Needs Updating*

      Tracking Bonuses Table of Contents Link to Main Section 1 Other Details Overview of the SOP – This is for tracking Bonuses for commission based Sales People. Resources Cypress Sales & Bonus Tracker on Google Drive. Main Section 1 Search for “Cypress ...

    • Entering and Submitting Payroll

      Entering and Submitting Payroll Table of Contents Link to Main Section 1 Link to Main Section 2 Other Details Overview of the SOP - This is an SOP for submitting payroll into ADP. Resources ADP ADP ...

    • Subscriptions Commissions

      Subscriptions Commissions Table of Contents Link to Main Section 1 Link to Main Section 2 Other Details Overview of the SOP - This SOP is for the review and submission of Subscription sales. Resources Individual Salesperson Reporting Sheet Commission ...