TC Commission Payment
The TC Commission Payment form lists Time Charter Commission Invoices.
Do one of the following:
On the Operations menu , under Time Charter In or Time Charter Out, click Commissions.
To view a Time Charter Commission Payment, select a Vessel from the selection list.
To create a new Time Charter Commission Payment, click +.
To view previous Time Charter Commission Payments, right-click a line and then click Details.
Time Charter Commission Payment
The Time Charter Commission Payment form is used to enter details from an invoice received from a broker for a Time Charter In payment. It verifies that the information is correct and consistent with the commission structure established in the Time Charter and allows you to record payment.
To make a payment, do one of the following:
On the TC Commission Payment form, click +.
Create the invoice in Financials, on the Time Charter Invoice List.
Any existing payments appear.
Select the C check box on each detail line to pay those commissions.
To select or clear all lines, use the buttons at the bottom of the list.
You can issue a By Period payment after a regular Commission Payment.
The commission amount is derived from the commission rate set in the contract.
Items unselected while issuing a By Period payment will still be available to be included in a future payment
Default TC Comm Payment Method
Sets a default Payment Method for brokers.
When enabled, the status of a newly created Bunker, Freight, Equipment, Hire, and Commission invoice is set to Pending by default.
Auto Generate TC Comms
Note: CFGAutoNumberPayables must also be enabled.
When enabled, TC Commission invoices will automatically be created when the corresponding TC Hire invoice has been posted.
Auto Number Payables
Automatically assigns invoice numbers to AP invoices.