Invoicing an Audit

When a review of an insured's payroll records has made a final determination of the premium amount owed for coverage provided, you can audit the policy. Auditing the policy involves updating the premium amount and invoicing your client. An overpayment of premium results in a credit invoice to your client; underpayment of the premium results in an invoice to your client for the difference.

In most cases, the policy being audited has already been renewed. You should add the audit premium to the expired policy.

Prerequisite

You cannot invoice an audit for a policy until you add the AUD transaction to the policy. For information about entering an audit transaction, see Auditing a Policy.

To invoice an  audit

This procedure begins at the Policy Detail page, and assumes you have already entered the Audit transaction. If not, see Auditing a Policy.

  1. Click Invoice. The Invoices to Clients Page - Data tab appears.

  2. Complete the required Data tab. Refer to Invoices to Clients Page - Data Tab if you need additional help.

  3. Enter data on the Multi, Installment, Finance, and/or A/R tabs, as appropriate.

  4. Access, review, and if needed, revise data on the Invoice tab on the Invoices to Clients page.

  5. After you verify that all information on the invoice is correct, click Save.

The Print Options bar appears for agency billed invoices. Refer to the Print Options bar topic for additional information. When the invoice process is complete, you return to the Policy Invoice page.