⭕ Managing Profit Splits in Vincere
Profit splits play a key role in tracking financial allocations and ensuring accurate fee calculation in Vincere. This article explains common scenarios involving profit splits, how they behave, and the best practices for managing them effectively.
⭕ Understanding Profit Splits
Profit splits are allocations within Vincere that track how placement fees are divided among team members or accounts. This ensures that contributions are accurately recognized in financial reporting.
⭕ Common Issues with Profit Splits
1. Profit Splits Not Displaying Figures
If the profit split column is not showing any figures, this is typically because the booked fee for the placement is set to 0. Profit splits are calculated based on the booked fee, so updating the booked fee will automatically correct the profit split figures.
Recommended Fix: Update the booked fee for the placement. Once corrected, the profit split figures will adjust accordingly and be displayed in the column.
2. Transferring Profit Splits to a New User Account
Profit splits do not automatically transfer when a user account is changed or replaced. If there is a need to assign profit splits to a new user, this must be done manually by updating each relevant placement.
Recommended Process: Identify the placements associated with the outgoing user account.
Manually update the profit split details on each placement to reflect the new user’s allocation.
💡 Tip: Use filters and search functionality in Vincere for quicker identification of affected placements.
🗝️ Best Practices
Regularly Review Booked Fees: Ensure that booked fees are correct and updated promptly to avoid issues with profit split display.
Plan for Account Transitions: When a user account is transitioning, allocate time to manually update profit splits to prevent discrepancies.
By following these steps and best practices, users can manage profit splits effectively and avoid common pitfalls when working in Vincere.
Happy Recruitment #TheVinnyWay🤩