Difference between revisions of "Agency Bill: Adjust Client Receivable - Client Paid Carrier Direct"
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(updated how to access various options only; this wiki did not have any screen shots) |
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== Adjust the Invoice == | == Adjust the Invoice == | ||
==== Adjust Client Receivable Balance ==== | ==== Adjust Client Receivable Balance ==== | ||
| − | #Load the '''Client on | + | #Load the '''Client on onto a '''Client Tab'''. |
| − | #Select the ''' | + | #Select the '''Accounting tab'''. |
| − | #'''Double-Click''' the | + | #'''Double-Click''' the Agency Bill invoice to expand the details. |
| − | #''' | + | #'''Left-Click''' the first invoice line to open the invoice in [[Express Billing]]. |
#'''Double-Click''' the invoice line in the bottom display section to open the line details. | #'''Double-Click''' the invoice line in the bottom display section to open the line details. | ||
#Select '''Adjust'''. | #Select '''Adjust'''. | ||
| Line 42: | Line 42: | ||
#Enter a '''Description'''. ''(Example: Paid Direct to Carrier)'' | #Enter a '''Description'''. ''(Example: Paid Direct to Carrier)'' | ||
#Select '''Accept''' then '''Finish''' close the invoice line details. | #Select '''Accept''' then '''Finish''' close the invoice line details. | ||
| − | #Select '''Payments -> Client'''. Document the Journal Number created. ''(Example: Journal 55)'' | + | #Select '''Invoice -> View Balance -> Client'''. ''(Alternatively, select the '''View Payments -> Client''' button on the main Express Billing window.)''. |
| + | #Document the Journal Number created. ''(Example: Journal 55)'' | ||
Do not exit [[Express Billing]]. | Do not exit [[Express Billing]]. | ||
==== Adjust Company Payable Balance ==== | ==== Adjust Company Payable Balance ==== | ||
| Line 54: | Line 55: | ||
==== Receive Commission Check From Company ==== | ==== Receive Commission Check From Company ==== | ||
If the company '''does not credit the account current''', use the steps below to create a receipt of money from the company for the commission. | If the company '''does not credit the account current''', use the steps below to create a receipt of money from the company for the commission. | ||
| − | #Select ''' | + | #Select '''Company -> Reconcile Company Payables (Agency Bill)'''. |
#Enter the '''Company Code''' on the invoice line. | #Enter the '''Company Code''' on the invoice line. | ||
#Verify the date range includes the [[#Create the Agency Bill Return Premium Invoice|agency bill return premium invoice]]. | #Verify the date range includes the [[#Create the Agency Bill Return Premium Invoice|agency bill return premium invoice]]. | ||
Revision as of 22:27, 6 March 2019
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The procedure details the transactions required to adjust the Agency Bill client accounts receivable (GL 1120) when the client payment was paid directly to the carrier. The carrier will then send a commission check or credit the account current.
Contents
Adjust the Invoice
Adjust Client Receivable Balance
- Load the Client on onto a Client Tab.
- Select the Accounting tab.
- Double-Click the Agency Bill invoice to expand the details.
- Left-Click the first invoice line to open the invoice in Express Billing.
- Double-Click the invoice line in the bottom display section to open the line details.
- Select Adjust.
- Enter the amount paid direct to the carrier as a credit (-) in the amount field.
- Select Tab to the Offset GL field and enter 2110 with Sub GL company code.
- Enter a Description. (Example: Paid Direct to Carrier)
- Select Accept then Finish close the invoice line details.
- Select Invoice -> View Balance -> Client. (Alternatively, select the View Payments -> Client button on the main Express Billing window.).
- Document the Journal Number created. (Example: Journal 55)
Do not exit Express Billing.
Adjust Company Payable Balance
- Double-Click the invoice line in the bottom display section to open the line details.
- Select Adjust.
- Select Adjust This Invoice Line With -> An Existing Journal.
- Enter The Offset Journal Number. (Next numerical journal number after Step 10. Example: Journal 56)
- Select Accept then Finish to close the invoice line details.
Process the Company Balance
Receive Commission Check From Company
If the company does not credit the account current, use the steps below to create a receipt of money from the company for the commission.
- Select Company -> Reconcile Company Payables (Agency Bill).
- Enter the Company Code on the invoice line.
- Verify the date range includes the agency bill return premium invoice.
- Select Ok.
- Right-Click on the invoice, and select Pay This Invoice In Full.
- Select Payment Details at the bottom of the reconcile window.
- Change the action to Create A New Cash Transaction To Pay.
- Enter the details for the cash receipt, and select Ok.
- When finished select Perform Reconciliation to create the cash and pay the company balance.
