Setting Up and Using Business Unit Split (Commissions)

If your agency has multiple business units across which you want to split commission revenue and expense, the Business Unit Split feature helps you accomplish this task. Business Unit Split includes the following tools:

  • A check box in Administration Center > Agency Setup > Accounting Options section, Divisional Control area to turn the feature on and a field to choose a general ledger account number for business unit split transactions
  • Business Unit Split Templates setup (also found in the Agency Setup location above) to create standard splits to select and apply on policy transactions
  • Security items to control access to the business unit split template setup, the business unit split link in policy and invoice
  • The ability to create Policy Specific Splits while entering a policy transaction
  • A business unit split link within an Invoice where you can verify or edit split percentages or amounts

The following information explains more about the components of Business Unit Split.

 

A business unit split can only be added on the policy data entry form. When applied, the link then appears on the invoice, direct bill statement, and direct bill entry windows.