Many businesses carry out their business through Brokers or Commission agents. Such businesses require commission payable report and broker / agent wise bills outstanding Report. Businesses using default Tally generally maintain this manually or use either software like MS Excel to generate these reports.

With our Broker module, the brokerage payable account can be maintained for brokers. This module calculates the brokerage on each sale – on percentage basis as specified at the time of Invoice. User can also see bill wise outstanding report for selected broker. Once the brokerage is paid for a single / multiple bills the same can be recorded.

Features and benefits :

• Report of brokerage commission payable to various brokers and filter on particular broker
• The Sales bill can be removed from the report once brokerage has been paid
• Tally default outstanding receivables report with broker name.
• Filter outstanding report for particular broker for viewing, Printing or Sharing via email.
• Specify commission percentage either in Master or during Transaction Level.
• Broker Name can be set in party opening Balances.
• Credit Notes issued against returns are accounted for.
• Brokerage is NOT Auto Posted to the broker’s ledger and a separate manual entry is required to be posted in Tally to record the brokerage in to books of accounts.

At the Sales or credit note voucher, option is provided to select the Broker name from the list. The brokerage% is auto picked up from the broker master and can be edited if required.

Data Entry Screen

Brokerage Payable Report