What is a Commissioned Staff Payroll Budget for Retail Companies?
Commissioned Staff budget forms are considered employee payroll planning templates and are often used by retail chains and store managers to plan all the details related to compensation budgets for commission-based employees. Key functionality in this type of template captures all the details of a retail staff budget. This includes hire/termination dates, store revenue allocation to the full time employees (FTEs), salary increases and more. At the bottom of the form, the manager can enter expected new hires. You will find an example of this type of template below.
Purpose of Commissioned Staff Budget Forms
Companies and organizations use Commissioned Staff Budget Forms to make it easy for regional and store managers to capture detailed employee budgets. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a company can improve its budget accuracy and future staffing plans, as well as, reduce the chances that performance of a retail location is affected by poor planning.
Commissioned Staff Budget Form Example
Here is an example of detailed budget input form for Commissioned Staff Members in a retail store.
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: 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 Intacct, 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
- View 100â€™s of reporting, consolidations, planning, budgeting, forecasting and dashboard examples here
- Retail White Paper and other industry-specific information here
- See how reports are designed in a modern report writer using a cloud-connected Excel add-in writer
- Discover how the Solver CPM solution delivers financial and operational reporting
- Discover how the Solver CPM solution delivers planning, budgeting and forecasting
- Watch demo videos of reporting, planning and dashboards