Learn how to add and manage deductions for agent and office commissions.

This article covers:

• Add a new deduction
• Manage customised deductions

Add a new deduction

1. Go to: Financials > Setup/Configuration
2. Click the Deductions tab
3. Click Add New Deduction
   

The Add/Edit Deduction screen will appear, where you can add the following deduction details:

• Description - The name of the deduction
• Classification - The type of property to which this deduction can be applied when processing a sale. For example, Residential, commercial, rural, etc.
• Type - Select whether this is a Fixed Fee or a Percentage of the amount the deduction will be applied to
• Fee - The target amount (or percentage) to be automatically applied once the deduction is added. This can be manually updated when the deduction is applied

4. Once you have added all the deduction details, click Save

Manage customised deductions

You can edit or remove customised deductions when needed.

Edit a deduction

1. Go to: Financials > Setup/Configuration
2. Click the Deductions tab
3. Click Edit on the right of the selected deduction
   
4. When done, click Save

Remove a deduction

1. Go to: Financials > Setup/Configuration
2. Click the Deductions tab
3. Click Edit on the right of the selected deduction
4. Click Remove
   

What's next?

Deductions can then be applied across various sections of Vault, including pre-distribution deductions, agent deductions, and agent expense deductions.