View source for Create and Process Return Premium Invoice Due to Cancellation or Endorsement

[[Category:Cash]][[Category:Checks]][[Category:Agency Bill]]
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    <td>[[File:Ic_info_black_24dp.png]] Required Software Version: [[:Category:Release Notes|September 2015]]</td>
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    <td>[[File: Ic_settings_backup_restore_black_24dp.png]]  Legacy Instructions Available: [http://wiki.agencysystems.com/mediawiki/index.php?title=Create_and_Process_Return_Premium_Invoice_Due_to_Cancellation_or_Endorsement&oldid=1990 Click Here]</td>
</tr>
<tr style="background-color: #bdbdbd; text-align: center; font-weight:bold;">
    <td>Related Pages</td>
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<tr> 
<td>
<ul>
<li>[[Reconcile Client Receivables]]</li>
<li>[[Reconcile Company Payables]]</li>
<li>[[Training 6: Accounting]]</li>
</ul>
</td>
</tr>

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    <td>Related Categories</td>
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<tr>
<td>
<ul>
<li>[[:Category:Cash|Cash]]</li>
<li>[[:Category:Checks|Checks]]</li>
<li>[[:Category:Agency Bill|Agency Bill]]</li>
</ul>
</td>
</tr>
</table>
== Create the Cancellation or Endorsement Transaction ==
Prior to creating the invoice, the cancellation or endorsement policy transaction must exist. 

#[[Client Tab#Find a Client|Load a client]] on one of the [[Client Tab|client tabs]].
#Select the (+) next to '''Policies'''. ''(To expand the band by default, see: [[Preferences]])'' 
#'''Left-Click''' the desired policy number to open the '''[[Policy Dashboard]]'''. 
#Select [[Policy: Cancel A Policy|'''Policy Tasks''' -> '''Cancel Policy]]''' or '''Policy Tasks -> Endorse Policy'''.
#:[[File:Poldash-dashboard-toolbar-policytask.png]]
#Enter the '''[[Transaction Profile|Transaction Code]]'''.
#Enter the '''Transaction Date'''.
#Enter a short description in the '''Transaction Details''' field. 
#Select '''Create Diary''' if a follow up [[Diary]] is necessary.  If selected, enter the '''Diary Description''' and '''Policy Log'''. 
#Select '''Next'''. ''(Select '''Next''' again to Move Forms if creating an Endorsement transaction.)''

== Create the Agency Bill Return Premium Invoice ==
#[[Client Tab#Find a Client|Load a client]] on one of the [[Client Tab|client tabs]].
#Select the (+) next to '''Policies'''. ''(To expand the band by default, see: [[Preferences]])'' 
#'''Left-Click''' the desired policy number to open the '''[[Policy Dashboard]]'''. 
#Select '''[[Policy & Billing]]''' within the top toolbar. 
#Choose the correct '''Invoice Date'''. 
#Select '''Next'''.
#Enter the return premium amount as a '''negative'''. ''(-500.00)''
#Enter the agency commission as a positive percentage, or a '''negative amount'''. ''(10% or -50.00)''
#Repeat the previous step for [[Producer Profile|Producer and Sub Producer]] if needed.
#:[[File:Ab-Invoiceline-returnpremium.png]]
#Select '''Next''' to enter any additional line items such as taxes and fees. 
#Select '''Finish'''. 
#Select '''Save'''.
#Select '''Exit'''.

== Process the Company and Client Payments ==
=== Receive Company Return Premium ===
Some companies may choose to send a single statement or refund check for the transaction.   The return premium invoice will create a credit company payable to 2110.

#Select '''Company -> Reconcile Company Payables (Agency Bill)'''.
#Enter the '''[[Company Profile|Company Code]]''' on the invoice line.
#Verify the date range includes the [[#Create the Agency Bill Return Premium Invoice|agency bill return premium invoice]].
#Select '''Ok'''.
#:[[File:Ab-returnpremium-payables-reconcile.png]]
#'''Right-Click''' on the invoice, and select '''Pay This Invoice In Full'''.
#:[[File:Ab-returnpremium-payables-reconcile-pay.png]]
#Select '''Payment Details''' at the bottom of the reconcile window.
#Change the action to '''Create A New Cash Transaction To Pay'''. 
#Enter the details for the cash receipt, and select '''Ok'''.
#:[[File:Ab-returnpremium-payables-reconcile-paydetails.png]]
#When finished select '''Perform Reconciliation''' to create the cash and pay the company balance.

=== Create Client Refund Return Premium Check ===
Unless the credit will be applied to another existing or future invoice, a client refund check to GL-1120 is required for agency bill transactions. 
#[[Client Tab#Find a Client|Load a client]] on one of the [[Client Tab|client tabs]].
#Select the '''Accounting''' tab at the top of the client tab. ''The return premium invoice will be listed with a credit balance.''
#Select '''Reconcile Receivables''' on the top toolbar. 
#Verify the date range includes the [[#Create the Agency Bill Return Premium Invoice|agency bill return premium invoice]].
#Deselect '''Create or use existing cash transaction''' since we will be creating a check transaction. 
#Select '''Ok'''.
#:[[File:Ab-returnpremium-receivables-reconcile.png]]
#'''Right-Click''' on the invoice, and select '''Pay This Invoice In Full'''.
#:[[File:Ab-returnpremium-receivables-reconcile-pay.png]]
#Select '''Payment Details''' at the bottom of the reconcile window.
#Change the action to '''Create A New Check Transaction To Pay'''. 
#Enter the details for the check transaction, and select '''Ok'''.
#:[[File:Ab-returnpremium-receivables-reconcile-paydetails.png]]
#When finished select '''Perform Reconciliation''' to create the check and pay the client balance.
<!--
== Direct Bill Processing ==
=== Create the Cancellation or Endorsement Transaction ===
Many direct bill policies transactions will be created through Download. If the direct bill company does not download, follow the steps below. 

=== Create the Direct Bill Invoice ===
Many direct bill invoices are created through Commission Download, or through Commission builder.  A company does not have to offer commission statement download for Commission Builder to be utilized.  Do not manually create the invoice for Direct Bill policies if they will be later processed through Download. 

=== Process The Company Payment ===
==== Send Company Return Commission ====
[[Reconcile Company Return Commission on Direct Bill Policies]]
-->