Brokerage Calculation

Here are the steps to Brokerage Calculation in Radix. To learn more, you can also watch this RADIX Online tutorial video:

To Perform Brokerage Calculation in Radix,

After logging in to the Company Main menu, Go to Transactions > Brokerage Calculation.
Enter the following details:

Broker: Select the broker for whom you want to calculate brokerage.
Brokerage A/c: Select the brokerage account for the broker.
Transaction Type: Choose the transaction type (Sales or Purchase) on which you want to calculate brokerage.
Brokerage On: Choose whether to calculate brokerage on the Taxable Value or Net Amount.
Brokerage (%): Enter the percentage of brokerage to be calculated.
From Date: Select the starting date for the period you want to load the details.
To Date: Select the ending date for the period you want to load the details.
Party: To load data for all accounts, select the "All" option. To load data for a specific account, select the "Equal To" option and then choose the account.

After selecting all the options, press Load Entries to display the data.
Next, select the invoices on which you want to calculate brokerage, then press the Generate button to create broker expense invoices.
Finally, after completing all the steps, press on the Submit button.