What's the difference between Finance and Billing?
These are two different modules for managing financial operations.
Finance
Purpose: Manual addition of financial operations for projects and team.
Operation types:
1. Revenue
- Project revenue
- Client payments
- Any income
2. Refunds
- Customer refunds
- Transaction cancellations
- Payment adjustments
3. Penalties
- Employee penalties
- Salary deductions
- Error corrections
4. Bonuses
- Employee bonuses
- Performance bonuses
- Additional payments
When to use:
- For manual financial operation tracking
- When need to add revenue/expense manually
- For data corrections
- For operations outside automatic integrations
Salary formula:
Final salary = Base rate + Bonuses - Penalties
More details: Finance
Billing
Purpose: Team salary calculation based on formulas and automatic data.
Two panels:
Admin Panel
- Salary formula setup
- View all employee salaries
- Manage rates and percentages
- Export reports
User Panel
- View own salary
- Calculation details
- Payment history
- Payment transparency
Calculation formulas:
1. Fixed Rate
Salary = Fixed
Example: $1000
2. Revenue Percentage
Salary = Revenue × Percentage
Example: $10000 × 10% = $1000
3. Grid (Progressive Scale)
$0-5000 → 5%
$5001-10000 → 7%
$10001+ → 10%
4. Combined
Salary = Fixed + (Revenue × Percentage)
Example: $500 + ($10000 × 5%) = $1000
When to use:
- For automatic salary calculation
- When salary depends on results
- For motivation schemes
- For team payment transparency
More details: Billing
Key Differences
| Parameter | Finance | Billing |
|---|---|---|
| Purpose | Manual operations | Automatic salary calculation |
| Data Input | Manual | By formulas from statistics |
| Operations | Revenue, Refunds, Penalties, Bonuses | Salaries by formulas |
| Linking | To projects, campaigns, users | To users |
| Usage | One-time operations | Regular calculations |
How They Work Together
Example:
-
Billing calculated buyer base salary:
- Formula: $500 (fixed) + 10% of revenue
- Buyer revenue: $5000
- Base salary: $500 + $500 = $1000
-
Finance adds adjustments:
- Bonus for best month result: +$200
- Penalty for task delay: -$50
-
Final salary:
$1000 (base) + $200 (bonus) - $50 (penalty) = $1150
When to Use What?
Use Finance:
- Need to manually add project revenue
- Need to give one-time employee bonus
- Need to apply penalty
- Need to record refund
Use Billing:
- Setting up salary schemes for team
- Salary depends on results (ROI, revenue)
- Need payment transparency for employees
- Automating salary calculation
Important
- Finance and Billing complement each other
- Bonuses and penalties from Finance affect final salary
- Billing automatically accounts for statistics data
- Finance allows manual adjustments
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