Understanding the Endorsement Revenue Report
The Endorsement Revenue report provides detailed information about revenue generated from policy endorsements. It includes insights into initial and renewal premiums, new business endorsements, negative endorsements (premium reductions), and more.
How to Use the Endorsement Revenue Report
This report allows agencies to:
- Track premium revenue changes due to endorsements.
- Identify outstanding receivables and payables for better cash flow management.
- Monitor agency commissions and non-commission revenue.
- Follow up on endorsements that may require additional actions.
By reviewing each column, agents can get a comprehensive view of how endorsements impact agency revenue and client billing, ensuring smoother operations and more effective financial management.