Hello gurus,
I have a requirement where we use Minimum Sales-Based Rent:
- Annual minimum sales = £12,000
- Percentages take on sales = 10%
On a monthly basis this should check whether sales are over the monthly minimum (£1,000) and either trigger minimum or 10% accordingly. I have tried to replicate this in this system however it isn't working as expected- please find replication below
Contract
Gross sales
I submitted two months worth of sales:
Cash-flow
I would have expected the first entry to trigger minimum Sales-Based Rent, but the the second entry from £5,000 should have triggered 10%?
Is there a way to achieve this requirement by settlement the minimum Sales-Based Rent as ‘monthly’ not purely annually? I believe the issue is that annually sales are in month 2 are equal to £5,500 and therefore trigger minimum- not 10%...
Can anyone assist in solving this issue?
Many thanks for your help,
Paul