Please see the following step by step for Agency Bill paid-in-full:
* Create an invoice for Accounts Receivable (AR)
- go to Policy from left navigation menu
- search for policy >
- actions >
- endorsement / commissions >
- endorsement fees and taxes >
- Actions > Add New or Edit existing endorsement
- select the billing type (agency bill paid in full) >
- enter premium and all nonpremium >
- generate transactions >
- check for accuracy >
- save and create an invoice for receivable >
[quick "unofficial" video]
https://www.loom.com/share/595848ae93da4d1188bc874f6c9cb10a
Record payment when received
* Create "issue payments" for Accounts PayableIn the policy details screen -
https://www.loom.com/share/595848ae93da4d1188bc874f6c9cb10a
Record payment when received
* Create "issue payments" for Accounts PayableIn the policy details screen -
- Go to documents >
- select "issue payment" > Add New
- select the payable >
- select the net commission amount (next field down) >
- select the agent >
- uncheck the "show remittance box" >
- select add (bottom right) >
"Make payment" record when made