View source for Direct Bill: Record Commissions By Company Without Invoicing

[[Category:Cash]][[Category:Download]][[Category:Direct Bill]]
<table class="infobox" cellspacing="5" style="background-color: #FFFFFF; width:27em; text-align:left; border-spacing: 2px; line-height:1.5em;">
<tr style="background-color: #bdbdbd; text-align: center; font-weight:bold;">
    <td>Related Pages</td>
</tr>

<tr> 
<td>
<ul>
<li>[[Direct Bill: Commission Statement Processing]]</li>
<li>[[General Ledger Profile]]</li>
<li>[[Training 6: Accounting]]</li>
</ul>
</td>
</tr>

<tr style="background-color: #d3d3d3; text-align: center; ">
    <td>Related Categories</td>
</tr>

<tr>
<td>
<ul>
<li>[[:Category:Direct Bill|Direct Bill]]</li>
<li>[[:Category:Cash|Cash]]</li>
</ul>
</td>
</tr>
</table>
The simplest method to record [[:Category:Direct Bill|Direct Bill]] income is to deposit the [[:Category:Cash|commission checks (cash receipts)]] into your [[Bank Profile|bank]], and record the monies received directly as income.

If you choose to deposit the monies straight to income:
*You '''will not''' be able to review or report on accounting information specific to policies. 
*You '''will not''' be able to [[Reconcile Producer Payables]].
*You '''will lose''' the ability to reconcile the direct bill company statement which can find errors.
*You '''will''' be able to obtain estimated annualized premium production numbers from the [[Management Tab]] or the exported [[Report: Policy Reports|Policy Production Report]]. 
*:''(For policies that are downloaded, the term premiums are included in the download. For policies that are not downloaded, the premium must be entered manually.)''

For a more comprehensive feature set, see: [[Direct Bill: Commission Statement Processing]].

== Setup: Create the G/L Account for Direct Bill Commission Income==
Requires '''Setup -> [[Security System|Security System]] -> Profiles -> General Ledger -> View and Entry''' access. 
#Select '''Setup -> General Ledger'''. 
#Select '''Add'''. 
#Enter '''Code -> 4121''', 
#Enter '''Name ->Direct Bill income.
#Select '''<Tab>'''.
#Select '''G/L Type -> Income'''. 
#Select '''G/L Sub-Type -> Operating'''.
#Select '''Sub-Account Type -> Company'''.
#Select '''G/L Inquiry Report Options -> All Details'''. 
#:[[File:setup-gl-cmbycomp.png]]
#Select '''Save''' then '''Exit'''.

== Record Payment From Company Directly To Income ==
Requires '''Setup -> [[Security System|Security System]] -> A/R -> Cash Transaction -> View and Entry''' access. 
#Select ''' Company -> Cash Transaction'''. 
#Enter the '''Date''' for the receipt of commission into the general ledger. 
#Enter the '''[[Bank Profile|Bank Code]]'''. 
#Enter '''[[#Setup: Create the G/L Account for Direct Bill Commission Income|G/L -> 4121]]'''. ''(Do not use GL-4120)''. 
#Enter '''Sub G/L -> [[Company Profile|Company Code]]''' for the direct bill company. ''(From Example: AET - Aetna Insurance Co.)''
#Enter the '''[[Department Profile|Department Code]]'''. 
#Enter the '''Check #''' or EFT for direct deposit. 
#Enter a short '''Description'''. 
#Enter the '''Original Amount''' of commission received.  ''(For multiple departments, only enter the amount received per department.)''
#:[[File:company-cashtrans-cmbycomp.png]]
#Select '''Accept''' -> '''Exit'''. 

== Report Direct Direct Bill Commission Income ==
This report process is only used if [[#Record Payment From Company Directly To Income|the direct bill commission is recorded directly to income]].

Requires '''System -> [[Security System|Security System]] -> G/L -> General Ledger Detail -> View''' access. 
#Select '''Reports -> [[Report: General Ledger Detail|General Ledger Detail]]'''.
#Enter '''G/L -> 4121'''.
#Select the desired '''Start Date''' and '''End Date'''. 
#Select '''Group and subtotal by sub GL'''. 
#:[[File:Gl-reportsgldetail-cmbycomp.png]]
#Select '''Preview'''.