Commissioned Staff Payroll Budget for Retail Companies Using Sage Intacct

What is a Commissioned Staff Payroll Budget for Retail Companies?

A Commissioned Staff Payroll Budget for Retail Companies is a strategic instrument utilized by retail chains and store managers to meticulously strategize and oversee compensation allocations for employees who receive commissions. This budgeting tool provides a comprehensive framework encompassing diverse facets of retail staff budgeting. This includes vital details such as recruitment and termination timelines, allotment of store earnings for full-time employees (FTEs), provisions for salary increments, and more. Furthermore, the template facilitates the projection of expected new hires, thereby offering a well-rounded spectrum of functionalities. An exemplar of this template is presented below.

Purpose of Commissioned Staff Budget Forms

The incorporation of Commissioned Staff Budget Forms by businesses and organizations serves the purpose of facilitating efficient budget administration at both regional and store levels. By integrating these forms into the framework of Financial Planning & Analysis (FP&A), companies can significantly heighten the accuracy of their budget projections and forthcoming staffing strategies. Moreover, the utilization of these forms helps mitigate the risk of operational inefficiencies in retail establishments arising from inadequate planning. As a result, this approach contributes to an enhancement in overall performance.

Benefits to Users

Models for Commissioned Staff Payroll Budgets offer significant advantages to business users by fostering informed decision-making and operational proficiency. These models offer a holistic perspective of compensation for commission-based employees, empowering managers to judiciously allocate resources based on historical data and performance metrics. The automated features streamline budget planning tasks, diminishing errors and creating more time for strategic endeavors. In essence, these models bolster confidence in decision-making, nurture agility, and optimize the utilization of resources, thereby making substantial contributions to overall business triumph.

Commissioned Staff Budget Form Example

Here is an example of detailed budget input form for Commissioned Staff Members in a retail store.

Commissioned Staff Payroll Budget for Retail Companies using Sage Intacct

Commissioned Staff Payroll Budget for Retail Companies Example from Solver

You can find hundreds of additional examples here.

Who Uses This Type of Template?

The typical users of this type of template are: Store managers, regional managers, HR managers, CFOs, and budget managers.

Other Templates Often Used in Conjunction with Commissioned Staff Budget Forms

Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Commissioned Staff Budget Forms, along with sales and other operating expense budgets, capex, cash flow plans and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Sage Intacct,  Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Only Solver delivers a one-day rapid deployment, including free and instant access to $100K of value available on Day 1 in the Solver Marketplace. Solver is committed to helping you with all your advanced planning and reporting needs, so you can Accelerate Better Decisions – starting now. Take a free tour of Solver for any of these ERPs: