Difference between revisions of "Commission Builder"

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Newton's [[Commission Download]] is an invaluable tool for the modern agency. Some carriers, however, still do not offer downloadable statements. Commission Builder offers an easy way to create a batch of invoices for the our agents still receiving paper documents.   
 
Newton's [[Commission Download]] is an invaluable tool for the modern agency. Some carriers, however, still do not offer downloadable statements. Commission Builder offers an easy way to create a batch of invoices for the our agents still receiving paper documents.   
  

Revision as of 22:18, 4 August 2014

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Commission Builder

Newton's Commission Download is an invaluable tool for the modern agency. Some carriers, however, still do not offer downloadable statements. Commission Builder offers an easy way to create a batch of invoices for the our agents still receiving paper documents.

Enter a batch of invoices from a single screen, instead of loading each client and policy individually, automatically calculating agency and producer commissions as you go.

Initial Statement Setup

  1. From the main Agency System's menu select Other -> Download ->Pending tab.
  2. Right-click on a blank/white area of the screen, and select New Commission Builder.
  3. Put in the Company you received the money from
  4. Date the money was received
  5. Add a Description
  6. Check Number for check received from company. For companies that direct deposit the money use EFT.
  7. Put in the total Premium the company is paying commissions on.
  8. Put the Commission dollar amount of the check received.
  9. Check Make a Cash Transaction if you want a cash receipt to be created, and mark the invoices as paid select this option. Otherwise only the invoices are created, and not reconciled showing what company paid.
  10. Click OK.

Adding Lines

  1. Select the Add Lines button. This allows you to enter each item as it appears on the commission statement from the company.
  2. Type in the Policy number and select policy.
  3. To attach the invoice to a specific transaction, hit the Seqs button and select accordingly.
  4. If the transaction was not found a new sequence may be created, you can type in Transaction, and Policy Effect/Expiration dates for the new transaction.
  5. Once you have completed all items for that policy you may select one of three options, “Save And Add Another,” “Save And Exit,” or “Don’t Save, Exit.”
    CommissionBuilder2.png
  6. Once you have added all the lines required the process then becomes the same as a normal Direct Bill Commission download.