Invoicing & Buyers / Facilitator Agreement

Purpose
This SOP explains the payment process for buyers (agents) working with Facilitators, including how deal earnings and buyer fees are handled. It ensures transparency, compliance, and proper accounting practices.

1. Buyer / Facilitator Agreement

• Each buyer operates under a personal agreement.

• The agreement specifies a Buyer Fee (e.g., $250) for each completed deal.

• All agreements must be signed and active before submitting any deals.
  
  

2. Deal Earnings

• When a buyer successfully sources a vehicle, the total deal earnings are calculated (example: $1,000).

• This total is payable to the buyer’s corporation (e.g., 123456 Ontario Inc), not directly to the individual.
  
  

3. Payment Flow

Step 1: Invoice Submission

• Facilitator submits an invoice from their corporation (e.g., 123456 Ontario Inc) to CarManana for the full deal amount.

• Example: Total deal earned = $1,000 → invoice submitted for $1,000.
  
  

Step 2: Payment from CarManana

• CarManana pays the full invoiced amount to the facilitator’s corporation (123456 Ontario Inc).
  
  

Step 3: Internal Buyer Fee Payment

• The facilitator’s corporation pays the individual the Buyer Fee listed in the personal agreement (e.g., $250).

• Remaining funds stay in the corporation for accounting, taxes, or operational use (example: $1,000 - $250 = $750).

4. Important Notes

1. Invoices are required: Ensure corporate invoices are submitted before payment.

2. Payments go to corporations only: CarManana does not pay individuals directly.

3. Buyer fees handled internally: Buyer fees are managed within the buyer’s corporation.

4. Compliance and transparency: This structure ensures proper accounting, regulatory compliance, and tax efficiency.