Broker Overview

Applies to:  Broker Center

The Broker Overview displays a view of frequently-used broker information (Type of broker, Contact (if a brokerage firm), Address, and Commission Information). This information is entered when the broker is first created in AMS360. If the broker is inactive, then the word Inactive appears in red below the title bar.

In the Broker Center, search for and select the broker/brokerage firm. With the broker/brokerage firm open, from the sidebar menu select Views > Broker Overview.

Key Fields

General

 

 

Payable Balance

Displays the commission amount that is due the broker, if any.

More...ClosedThis Payable Balance reflects all open commissions payable (gross brokers only) balances through the current system date. Future dated items are not included in this balance. The payable balance is not the balance of the register detail, nor does it change based on the date range set in the user-selected View Options. Note that this balance does not appear if you are not authorized for the Balance Register view.

 

Receivable Balance

Displays the premium amount owed the agency, if any, by the broker.

More...ClosedThis balance does not appear if you are not authorized for the Broker A/R Activity view.

 

Type of Broker

Displays one of the following: Firm or Individual.

 

Net/Gross

Indicates whether the broker receives net or gross commission.

 

Tax ID

Displays the social security number if the broker is an individual or the tax id if a brokerage firm. The Tax ID is used for reporting commissions earned to the Internal Revenue Service.

 

Contact

Displays the broker contact name. For a brokerage firm, the brokerage firm contact is displayed, if entered in broker setup.

 

1099 Category

1099 Type

Displays the category and type for reporting commission income on the broker W2.  

Grid

The sections on the right side show related information in grid format. You can collapse a grid if you don't want to display the information. Grids are collapsed by default if no data is available.

Commission Setup

Lists the commission criteria and associated amounts entered for the broker or brokerage in Broker Setup. Click the Info icon to view the specific list of criteria and the linked commission amount.

By default, views and lists are limited to 100 items per page. In some Views you can choose to see more items, do any of the following, if available:

    • Use the arrows at the bottom of the page to view additional pages.*

    • Set the Max # of Records Returned field to a value greater than 100 in View Options.*

    • Use View Options to filter the results of your search.

For more information, see How to Sort Lists and Setting View Options.

*Not available for all lists.

Would you like to...

If the information is incorrect you can edit it by doing the following:

  1. Click Edit Broker. This opens the Broker Setup form for the selected broker.
  2. Edit the fields in the form, as necessary. More...
  3. Click Save or Save and Close.

You can delete a broker record only if no associated transactions exist. Generally, you should change a broker's status to Inactive instead of deleting.

To delete a broker:

  1. From the Broker Overview, click Delete on the toolbar.
  2. If the broker can be deleted, a message appears asking you to confirm the deletion. Click OK.
  3. If the broker cannot be deleted because transactions exist, a message appears saying the broker cannot be deleted. Click OK to acknowledge the message.
  4. To change the employee's status to inactive:
  5. Click Edit Broker from the toolbar in Broker Overview. On the Brokere Setup form, change the status to inactive. More...