Media Modes - Mark Up, Commission, Rebate and Markup plus commission

Media Modes - Mark Up, Commission, Rebate and Markup + Commission

Overview

Media mode is the term used to describe the basis used to calculate the amount you wish to invoice the client. This amount is dependent on:

• The amount of commission you keep

The markup on the net supplier amount or gross supplier amount

This then is used to calculate the client ‘invoice’ amount.

Media mode is selected from a drop-down list when you create a media plan.

The drop-down list consists of the following modes:

Media Mode "Commission"

The amount invoiced to the client equals supplier net amount plus commission; when this option is selected, it is not possible to change the % or the amount. An example is as below:

Supplier Invoice: $10000
Commission 10%: $1000
Net Payable to the supplier: $9000
When “commission” mode is selected, the client invoice is for $10000

Media Mode "Markup"

This option allows you to change the % markup or the dollars markup; when markup % is selected a markup amount is created. You can then change either the % or the $ for the markup. The markup % is calculated using the net amount payable to the supplier.

Supplier Invoice: $10000
Commission 10%: $1000
Net Payable to the supplier: $9000
Client mark up %: 20%
JobBag calculates mark up of $1800 (10% of net amount)
Client Invoice totals: $1800 (markup) plus $9000 (net paid to supplier)

Media Mode "Markup+Commission"

This option allows for: the commission to be calculated on the Supplier side. The markup percentage is applied to the gross s supplier media amount. Any changes to the Charge to Client amount only update the % markup on the client-side of the booking, they do not change anything on the supplier side of the booking.

Supplier Invoice: $10000
Commission 10%: $1000
Net Payable to the supplier: $9000
Mode: Mkup+Comm: 20%
JobBag calculates mark up of $1800 (20% of gross paid to the supplier $10000)
Client Invoice totals: $1800.00 (markup) plus commission $1000 plus $9000.00 (net paid to supplier)

Mode "Rebate"

This option allows for: the commission to be calculated on the Supplier side. The markup is applied to the gross supplier media amount before the commission. Any changes to the Charge to Client amount only update the % markup on the client-side of the booking, they do not change anything on the supplier side of the booking.

Supplier Invoice: $10000
Commission 10%: $1000
Net Payable to the supplier: $9000
Mode: Rebate: 5%
JobBag calculates a rebate of $500.00 (5% of the gross supplier invoice $10000)
Client Invoice totals: $10000.00 less rebate of $500