Understanding "Additional Expected Commission" in Your Finance Dashboard

Overview

The "Additional Expected Commission" section in Sellegr8's finance dashboard provides users with an estimated view of the commission fees they may owe based on recent sales activity on the Walmart Marketplace. This estimate helps sellers monitor and plan for financial obligations even before Walmart issues official reconciliation reports. By presenting this data in real-time and aligning it with standard commission rates by product category, the dashboard offers a practical interim solution for tracking commission-related expenses. This overview, along with detailed insights into location, update frequency, included costs, and rate determination, ensures users have a clear understanding of this financial metric.

What is "Additional Expected Commission"?

Have you ever come across the term "Additional Expected Commission" in your finance dashboard and wondered what it meant? Let's break it down to clear any confusion.

"Additional Expected Commission" is a line item that appears in the Detailed Breakdown pop-up in the finance dashboard. This figure represents an estimate of the commission you are likely to pay based on your sales on the Walmart Marketplace.

Why does it appear as an estimation?

Walmart provides reconciliation reports to sellers approximately every couple of weeks. These reports detail the actual commission owed based on your sales during that period. However, since these reports aren't instantly available, our software calculates an estimated commission amount in the interim.

How is the estimation calculated?

The estimation is typically based on a standard commission rate, which is often around 15% of your sales revenue. However, it's important to note that the commission rate can vary depending on factors such as the product category. Therefore, the estimation may fluctuate slightly based on these variables.

Is the estimation final?

No, the estimation provided under "Additional Expected Commission" is not a formal number, nor is it a charge. It serves as an approximation until the reconciliation report from Walmart is available and all necessary information is gathered. Once the reconciliation report is received, the actual commission owed will be determined accurately.

In conclusion, "Additional Expected Commission" is simply an estimate generated by our software to give you an indication of the commission you may eventually owe based on your sales on the Walmart Marketplace. It's a helpful tool to provide insight into your financial obligations, but it's essential to remember that it's not a final figure until reconciled with Walmart's official reports.

If you have any further questions or concerns regarding "Additional Expected Commission" or any other aspect of your finance dashboard, please don't hesitate to reach out to our support team. We're here to help clarify any uncertainties and ensure you have a clear understanding of your financial data.

Frequently Asked Questions - Additional Expected Commission

Where exactly can I find the "Additional Expected Commission" on the finance dashboard?

The "Additional Expected Commission" is located in the Detailed Breakdown section of Sellegr8's finance dashboard. To access it, navigate to Finance > Dashboard, then click on any of the 'Detailed Breakdown' links where all estimated and actual financial figures are displayed.

How often is the estimated commission updated in the dashboard?

The estimated commission is updated shortly after new sales data is received. This ensures that the estimate reflects your most current sales activity on the Walmart Marketplace, even before the official reconciliation report from Walmart is available.

Does the estimate include any other fees or just the sales commission?

The "Additional Expected Commission" estimate specifically pertains to the sales commission only. It does not include other potential fees such as shipping charges, marketing costs, or return fees. These are tracked and reported separately within the finance dashboard.

How does the system determine the applicable commission rate for different product categories?

The system uses standard commission rates provided by Walmart, which vary by product category. For example, electronics might have a different rate compared to apparel. Sellegr8’s software identifies the product category of each sale and applies the corresponding rate to calculate the estimated commission. You can check the commission rate of a product in the Configure > Products page, by clicking the Edit button under the Actions column