To properly configure your agency, you need to set up a commission rule that you will then associate with the property owners' profiles. Go to the Owners > Commission Rules section.
If you have already created rules, you will find them listed in the table.
To create a new rule, click the + Add New button.
⚠️ We cannot advise you on what strategy to use or how to best configure this section.
It’s important that you clearly understand which rules you want to set for your owners. If necessary, consult your accountant before starting this configuration.
Configure your commission rule:
Enter the name of the commission rule.
If there are amounts you want to exclude before applying the commission rule and defining the split between owner and property manager, you must enter the value in the “Charges before the distributions” table by clicking the orange + icon.
Configure the agency commission calculation.
Specify all the necessary values for calculating your commission amount.
Set a fixed value or percentage and indicate all items that should be included in the calculation:
VAT
Cleaning fees: To properly configure cleaning expenses in the properties you manage, consult our guide.
Channel commission
Use the table in this section to add or subtract values from your commission amount.
Add VAT on commissions
The VAT added will be the one applicable in your agency’s country.
Example: If the agency is based in Italy, 22% VAT will be added.
You can add custom values to be included in the commission calculation by clicking the orange + icon.
Custom values can be either positive or negative amounts.In the “List of payments” section, you can set the parameters related to issuing payment Slips.
Choose who will handle collecting bookings between the property manager (agency) and the owner, and whether to include cleaning fees, extras, and portal commission, and in what way.
If you need to add a withholding agent, set this option to “Yes near 'Collect taxes'
In the Generation of reservation documents section, you can decide whether to activate the double invoicing function. This feature is useful if you want to issue tax documents directly on behalf of your owners.
Once you have completed setting up your Octoblu commission rules and owners, you will see the following items appear in your booking details:
Agency commission: This is the commission amount calculated based on the parameters entered in the "Agency Commission Calculation" section.
Costs collected by the agency: Indicates the amounts that the agency is responsible for collecting, based on what is defined in the "items of the payment/collection slip" section.
Custom values: Custom values not included in the commission value, defined in the "custom values" field at the top right of the commission rule page
Amount for the owner: How much is the owner entitled to for this reservation?
Click HERE to read the general article.
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