We’ve partnered with SaaSOptics to help you accurately account for all earned commissions. When paired with Expense Recognition by SaaSOptics, you can automate the accounting of your commissions in addition to your prepaid expenses, fixed assets, and reseller agreements. Know exactly how much to pay your team and account accordingly.
Once connected, the commissions created in QuotaPath sync into SaaSOptics as Expense Obligations. You can then process an Expense Obligation to amortize the expense and create the necessary financial records.
Pushing Data from QuotaPath to SaaSOptics
*Note: For most users, the QuotaPath integration should be connected and configured in SaaSOptics using the standard implementation process with your SaaSOptics Implementation Consultant
Connect to QuotaPath:
In SaaSOptics, navigate to the QuotaPath integration's admin settings (Admin->QuotaPath) and then click "Update Settings" in the top-right corner.
Enter the API token you obtained from QuotaPath in the first setting field. You can reference this article on how to generate an API token.
Configure the rest of the integration settings according to the descriptions found in the next section.
Click Save. Your SaaSOptics account should now be connected to QuotaPath.
Navigate to the Expense Obligations screen (Sidebar->Expenses->Expense Obligations) and execute a sync with QuotaPath.
Integration Settings
Setting | Description |
Authentication Token | Enter the authentication token you obtained from QuotaPath. |
Sync Vendors | Determine whether or not to sync vendors (sales reps) from QuotaPath. |
Default Register | Select the SaaSOptics register to which the expense obligations synced in from QuotaPath will be assigned. |
Sync Schedule | Manually or automatically sync with QuotaPath by selecting one of the following options for how often to run the sync:
|
Sync Bills On or After Date | Define the starting point of the date span of legacy bills you would like to sync into SaaSOptics. |
Sync Bills Only Through Date | Define the ending point of the date span of legacy bills you would like to sync into SaaSOptics. |
Allow Expense Updates | Permit updates to Expense Transactions from QuotaPath. When enabled, the associated Bills and Expense Schedules will be regenerated. |
Typical Data Flow
The flow of data from QuotaPath to SaaSOptics typically happens in the following way:
Pay out a sales commission in QuotaPath.
Complete a sync with QuotaPath in SaaSOptics and the commission comes in as an Expense Obligation.
Process the obligation to generate the vendor, contract, expense transaction, and bill for the commission.
Creating the Expense Transaction also creates the expense recognition schedule, which the system uses when you run the Advanced Expense Summary Report.
When does SaaSOptics pull data from QuotaPath?
SaaSOptics pulls in "Resolved" payouts from QuotaPath. If payments are not Resolved, we do not sync the data. Why? To mitigate the risk of change for the amount you'll account for in SaaSOptics.
Worried about accruing any unpaid amounts? Rest assured...SaaSOptics separately accounts for the date commission was earned vs. paid. This ensures even if there is a significant delay between the two dates, your accounting will remain compliant by defaulting the recognition start date to when commission was earned, not paid.
Already closed your prior accounting periods? Expense recognition was purpose-built to handle cumulative catch-ups.