Difference between revisions of "Direct Bill: Pay Company On Behalf Of Client"
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| − | On a [[:Category:Direct Bill|Direct Bill policy]], the client pays the [[Company Profile|insurance company]] directly, and the [[Direct Bill: Commission Statement Processing|commission is sent from the company | + | On a [[:Category:Direct Bill|Direct Bill policy]], the client pays the [[Company Profile|insurance company]] directly, and the [[Direct Bill: Commission Statement Processing|commission is sent from the company to the agency]]. If desired, the client may choose to process a payment through the agency, which is then forwarded in full to the insurance company. (See: [[Client Payment: Direct Bill Cash Transmittal]]) |
In addition, agency can also pay the policy premium '''on behalf of the client to the company''', creating a receivable balance for the client, '''prior to receiving a client payment'''. | In addition, agency can also pay the policy premium '''on behalf of the client to the company''', creating a receivable balance for the client, '''prior to receiving a client payment'''. | ||
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=== Process Company Payment On Behalf Of Client === | === Process Company Payment On Behalf Of Client === | ||
Only use the process below if the client '''has not paid the agency''', and the payment is being placed to the company on behalf of the client. | Only use the process below if the client '''has not paid the agency''', and the payment is being placed to the company on behalf of the client. | ||
| − | # | + | #[[Client Tab#Find a Client|Load a client]] on one of the [[Client Tab|client tabs]]. |
| − | #'''Right-Click''' on the policy number and select ''' | + | #Select the (+) next to '''Policies'''. ''(To expand the band by default, see: [[Preferences]])'' |
| − | #:[[File:Payment-db- | + | #'''Right-Click''' on the policy number and select '''Client Payment'''. |
| + | #:[[File:Payment-db-attachclientpay1.png]] | ||
#Verify '''Amount -> $0.00''' is set. | #Verify '''Amount -> $0.00''' is set. | ||
#Verify '''Cash Type -> Transmittal''' is selected. ''(The Cash Type will default to Transmittal for Direct Bill invoices)'' | #Verify '''Cash Type -> Transmittal''' is selected. ''(The Cash Type will default to Transmittal for Direct Bill invoices)'' | ||
| − | #:[[File:Payment-db-attachpay- | + | #:[[File:Payment-db-attachpay-cashfor0.png]] |
#Select '''OK''' to save the payment. | #Select '''OK''' to save the payment. | ||
#'''Answer No''' to print the cash receipt. | #'''Answer No''' to print the cash receipt. | ||
#'''Answer Yes''' to create a '''Company Check''' for the payment amount. | #'''Answer Yes''' to create a '''Company Check''' for the payment amount. | ||
| − | #:[[File:Payment-db-attachpay- | + | #:[[File:Payment-db-attachpay-createcheckyes.png]] |
| − | #Change the '''Amount''' from 0.00 to the amount being paid to the company on behalf of the client. ''(From Example: $ | + | #Change the '''Amount''' from 0.00 to the amount being paid to the company on behalf of the client. ''(From Example: $200.00)'' |
| − | #:[[File: | + | #:[[File:Payment-db-attachpay-createcheck-clientbehalf-amount.png]] |
#Select '''Accept''' after verifying check type as '''Regular (Printable'''), or '''Wire Transfer (EFT)'''. | #Select '''Accept''' after verifying check type as '''Regular (Printable'''), or '''Wire Transfer (EFT)'''. | ||
| − | #:[[File:Payment-db-attachpay- | + | #:[[File:Payment-db-attachpay-createwirecheck-details.png]] |
| − | #The on-account check will create a receivable balance for the client | + | #The on-account check will create a receivable balance for the client visible on the '''Accounting''' tab. |
| − | #:[[File:Cltexp- | + | #:[[File:Cltexp-accounting-onaccount-checkonly.png]] |
| − | + | When the client payment is received, [[Client Payment: Agency Bill Cash|create a regular client payment]] to offset the client's receivable balance. | |
Latest revision as of 22:26, 13 March 2019
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On a Direct Bill policy, the client pays the insurance company directly, and the commission is sent from the company to the agency. If desired, the client may choose to process a payment through the agency, which is then forwarded in full to the insurance company. (See: Client Payment: Direct Bill Cash Transmittal)
In addition, agency can also pay the policy premium on behalf of the client to the company, creating a receivable balance for the client, prior to receiving a client payment.
Process Company Payment On Behalf Of Client
Only use the process below if the client has not paid the agency, and the payment is being placed to the company on behalf of the client.
- Load a client on one of the client tabs.
- Select the (+) next to Policies. (To expand the band by default, see: Preferences)
- Right-Click on the policy number and select Client Payment.
- Verify Amount -> $0.00 is set.
- Verify Cash Type -> Transmittal is selected. (The Cash Type will default to Transmittal for Direct Bill invoices)
- Select OK to save the payment.
- Answer No to print the cash receipt.
- Answer Yes to create a Company Check for the payment amount.
- Change the Amount from 0.00 to the amount being paid to the company on behalf of the client. (From Example: $200.00)
- Select Accept after verifying check type as Regular (Printable), or Wire Transfer (EFT).
- The on-account check will create a receivable balance for the client visible on the Accounting tab.
When the client payment is received, create a regular client payment to offset the client's receivable balance.
