Report: Producer Statement
| Related Pages |
| Related Categories |
The producer statement is a balance forward statement showing the amount due to a producer or group of producers within a given date range.
You can view the report in a single line or in a detailed mode to see the specifics of the balance. The balance due is compiled from invoices, cash, checks, and journals.
Balance Forward vs. Open-Item Accounting
Newton by Agency Systems can handle both balance forward and open-item accounting.
In a balance forward accounting system, all payments and invoices are applied against the total balance owing on the account. In balance forward accounting, you make no attempt to specifically pay the individual invoices. The payments simply reduce the total balance owed by the amount paid.
In an open-item accounting system, all payments are recorded against specific invoices. Reconcile Producer Payables will only show invoices still due to the producer, where the client has paid or the company has paid in full, or in part. Reconcile Producer Payables can be used to pay the trust amount, or only a portion of the total amount due, based on the receivable balance. All payments are applied directly to invoices, allowing the agency more specific reporting, and control.
Access and Window Options
The Producer Statement can be opened by selecting A/P -> Producer Statement. (The producer statement is also available as one of the automatic monthly reports.)
Access to the Producer Statement is controlled through the security system A/P -> Producer Statement -> View setting.
