How to generate Agent(s) commissions for policies that agency commissions are reconciled

How to Generate Agent Commissions for Policies Where Agency Commissions Have Been Reconciled

This guide helps you generate agent commissions for policies where the agency commissions have already been reconciled. You may need to follow these steps if the agents were assigned to policies later or if agent commission rules were added or updated.

Step-by-Step Instructions:

1. Navigate to Reconciliations:

   • Go to Misc. > Accounting Items > Reconciliations.

2. Manually Select Agency Commissions:

   • In the Reconciliations screen, click Actions and then choose Manually Select Agency Commissions.

3. Enter Commission Received Dates:

   • Input the Commission Received Dates for the payments you want to review.

4. Filter for Reconciled Commissions:

   • In the Reconciliation Type field, select Show Reconciled Commission Payments.

5. Apply Filters (Optional):

   • If necessary, apply any filters (such as date or policy type) to narrow down the results, then click Search.

6. Review Policy List:

   • Review the list of policies that are generated, ensuring the policies are correct.

7. Generate Agent Commissions:

   • Once the policies are reviewed, go to Actions (in the top right) and select Generate Agent Commissions.

8. Reconcile or Export Agent Commissions:

   • Finally, either:
     • a) Reconcile the agent commissions, or
     • b) Export the agent commissions to an existing statement if there is an incomplete agent statement:
       • Select the applicable agent commissions.
       • Choose the existing statement to export them to.

Feel free to contact us if you have any questions!