Talk:Reconcile Producer Payables
Revision as of 17:31, 25 November 2015 by Mlively (Talk | contribs) (→How do I advance pay a producer their commissions?)
How do I advance pay a producer their commissions?
- How do I advance a payment to a producer for their commissions prior to receiving the company commission check?
- Answer
Reconcile Producer Payables provides an option to overpay one of the listed invoices, which can be used to advance pay commissions.
For Example: Producer PWS is owed commission, plus an advance of $500.00.
- Start Reconcile Producer Payables for operator PWS.
- Right-Click and select to Pay All In Full or Pay All Trust Amount.
- Right-Click on a paid invoice and select Payment Details.... It will display the amount being paid, based on the commission for the invoice.
- Change the Amount to Pay from $50.91 to $550.91. (Substitute for the amount of the advance, in addition to the commission.)
- Select OK and complete the reconcile process. (For more information, see Reconcile Producer Payables.)
The next time Reconcile Producer Payables is processed, that overpayed invoice will show the balance as a $500.00 credit, reducing the total commission owed on other invoices.
