R
R | This feature, or some fields and options described, might not be available depending on your settings, security rights, or platform package. |
When making a change of personnel assignment to a policy that has existing billings, the Change Personnel Commissions form displays so that necessary revisions can be made to previously billed invoices.
Accessing the Change Personnel Commissions Form
The Change Personnel Commissions form displays when taking the following actions from within the Basic Policy Information > Personnel section of a policy:
Selecting New on the section menu and completing the Add Personnel to Policy on a Billed Policy form.
Selecting the Replace link on an existing row in the Personnel grid and completing the Replace Personnel on Billed Policy form.
Selecting Delete on the section menu and completing the Delete Personnel on Billed Policy form.
Prior to loading the Change Personnel Commissions form, the following informational message appears. Click OK to proceed:
To edit commissions on a billed policy, you must do a Correct Billing.
Form Sections & Corrections Allowed
Review the sections below for information regarding fields that can be changed/corrected.
For a complete discussion of these sections and their fields, see Creating an Invoice.
The All Policy Transactions section includes all invoices billed for all policy transactions, and is expanded when the correction form opens. Use the left and right arrow buttons to scroll through the invoices/installments.
If this is a multi-entity billing, use the left and right arrow buttons to select a specific sub-customer or select the Consolidate Commission View (default). Click Multi Entity View, to open and view the Multi Entity Transaction Detail for the policy transaction selected.
Selecting a different installment saves the changes made on installments already selected and updated.
|
Fields Available for Correction |
What is this? |
|
Invoice Date |
Select the Invoice Datefor your correction. This field defaults to the current system date. |
The Invoice Transactions section includes only the invoice selected in the All Policy Transactions section. Click Edit on the section menu to open the Invoice Transactions section. The following fields are available for editing:
If this is a multi entity billing, Editis only available in theConsolidated Commission View.
|
Fields/Checkbox |
Things to know... |
||||||
|
Description |
The line of business and policy transaction assigned to the invoice defaults to the Descriptionfield. This can be changed, if desired. |
||||||
|
Invoice Effective Date |
You are allowed to change the Invoice Effective Date on all invoices, including future invoices. You may get a message advising that this could change the number of installments. Click OK.
|
Select the invoice transaction you want to correct and click Edit to open the Invoice Transactions section. The Commissions subsection is also available for corrections. To access the fields type the correcting information directly into the Commissions grid.
Click the New Split Agency Comm option on the section menu to add rows of agency commission to accommodate split commissions. Change the premium/non-premium amount and commission rate as appropriate for each row.
|
Group/Field |
Things to know... |
||||||
|
Premium/Non-Premium |
When splitting the agency commission, by clicking New Split Agency Comm on the section menu, enter the appropriate premium/non-premium amounts. If you are not splitting the agency commission, thePremium/Non-Premiumfields are unavailable for change. |
||||||
|
Percent |
Enter the new commission percent if applicable. Typing in a new commission percentage automatically updates the Comm Amt(commission dollar amount) field. |
||||||
|
Comm Amt |
Enter the new commission amount if applicable. Typing in a new commission amount automatically updates the Percent(commission percent) field. |
||||||
|
Method |
This choice determines how the commission is calculated. Select the appropriate method.
|
||||||
|
Status |
This is the type of commission. Click the drop-down arrow to see available choices. |
The Invoice Installment Summary grid is display only. The grid rows are updated as the installments in the Invoice Transactions section of the correction form are changed.
Complete the sections of the Change Personnel Commission form, then click the File menu at the top of the form and select one of the following actions (or click the corresponding icon):
|
Menu Option |
Icon |
Uses |
|
Post |
|
Use to post your commission corrections and close the form when posting is complete. Selecting Post displays the Correction Note form. Enter the correction note and click Continue Postingor clickReturn to Invoicesif you are not finished making your corrections. |
|
Cancel |
|
Click Cancel to cancel the commission correction. This brings up the following message. Click OKto complete theCancelaction, or clickCancelto abortCancelaction and return to theChange Personnel Commissionsform.
|
|
My Vertafore Support | Vertafore University | NetVU Network | Vertafore.com © 2015 Vertafore, Inc. and its subsidiaries. All Rights Reserved. Vertafore, the Vertafore design, AMS360, Vertafore Producer Advantage, Producer Plus, AgencyEDGE, ReferenceConnect, BenefitPoint, Engage, and WorkSmart are registered trademarks of Vertafore, Inc. or its subsidiaries. Third party marks belong to their respective holders. AMS360 Classic Help updated 5/18/2016 10:58 PM |
