This feature, or some fields and options described, might not be available depending on your settings, security rights, or platform package. |
This form is used to define which invoices are gathered by the system for presentation on a Commission Payable Statement. It also provides access to the Commission Payable Statement data entry form.
Accessing Pay Commissions - Statement Modifiers
First, view the Employee Center or Broker Center for the employee/broker whom you want to pay commissions.
Select Pay Commissions from the Actions menu.
Commission statements are generated in the Broker Center only for brokers defined as Gross Brokers.
Pay Commissions - Statement Modifiers Selections
Your most recent settings (as the logged-in user) are retained as the default Statement Modifier selections when you open the form.
Field/Group Name |
Options/Considerations |
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AMS360 selects invoices where the later of the Invoice Date or the Invoice Effective Date is less than or equal to the Through Date. For more information about the use of dates in the system, see Dates in AMS360. Example
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Statement Date |
This date defaults from the Through Date but can be changed. Use this date to identify the statement. Make it meaningful. |
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Statement Description |
Defaults to Comm Statement - [Statement Date] but can be changed. |
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Statement to Include |
At least one of the Statement to Include options must be checked. All boxes default as unchecked. If an invoice meets at least one of the checked statement options listed below, it will be included on the commission statement.
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To include invoices from All divisions (default), check the Build Statement for All Divisions checkbox. If you want to include only those invoices belonging to one division, un-check the Build Statement for All Divisions checkbox, and select the appropriate division. |
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All Customers
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To include invoices for all customers (default) check the All Customers checkbox. To include invoices for one customer, un-check the All Customers checkbox and search for the appropriate Customer. Then select the Invoice to pay. To include all invoices for a customer, leave the Invoice field blank. |
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Set Pay Amounts to Payable Balance and Statement Status to Ready to Pay |
This option refers to the Pay Amounts and the Payable Balance columns in the Reconcile Statement grid of the Pay Commission form. If this option is checked, the amount to be paid on the statement is set to equal the remaining payable balance due the employee/broker for each invoice on the statement. In addition, the Statement Status is set to Ready to Pay, meaning the statement can be paid or closed by a check, receipt, or journal entry. |
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Set Pay Amounts to Payable Balance with partially paid invoices set to a prorated amount based on AR payments received. Set Statement Status to 'Ready to Pay'. |
This option is enabled only if you select the option Invoices Partially Paid to Agency in the Statement to Include group box. This option refers to the Pay Amounts and the Payable Balance columns in the Reconcile Statement grid of the Pay Commission form. If this option is checked, the amount set to be paid on each statement grid row is based on the employee/ broker's commission percentage of the total amount actually paid on the invoice. In addition, the Statement Status is set to Ready to Pay, meaning the statement can be paid or closed by a check, receipt, or journal entry. |
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Create Statement |
Click this link to open the Commission Payable Statement form, which is pre-filled based on your selections. |
Reconcile and pay the statement using the Commission Payable Statement form.
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