Method And Apparatus For Net-Pay And Debt Consolidation

Abstract

A method and apparatus for consolidating net-pay and debt management of a sales representative or sales team is presented. A party associated with the sales representatives may obtain debts and specify rules on payment of those debts which can be tracked back to the domain (e.g., agreements, rules, sale item, etc.). The ledger items created for that distributor by the commission engine are typically processed to distribute payments into accounts specified by the distributor and to pay debts obtained by the distributor. Available money may be split into various methods of payments for a distributor. These splits can be tracked by adding various constraints. The system allows the user to model the payment rule/constraints. Payment splits support pay-outs to alternate payee from funds of a distributor. The distributor may specify deduction rules which can be applied to the distributors earning to facilitate deductions for items.

1 . A method for consolidating net payment and debt management using a computer system comprising:
 obtaining one or more ledger items for a distributor from a commission model;   generating compensation for said distributor by processing said one or more ledger items through one or more adjustment rules, wherein each of said one or more adjustment rules operates on each of said one or more ledger items;   obtaining repayment rules for any advances received by said distributor;   dividing said compensation into one or more distribution amounts for payment into one or more accounts of said distributor based on one or more payment rules and said repayment rules, said one or more accounts comprising repayment accounts for said any advances and other payment accounts designated by said distributor; and   paying said one or more distribution amounts into said one or more accounts of said distributor.   
     
     
         2 - 36 . (canceled)