EZLynx Accounting: Fix Agency Bill Invoice Commission with a $0 Premium Invoice
Modified on: Mon, 15 Apr, 2019 at 4:43 PM
Once an invoice is created, it cannot be edited by any user. If the agency commission was entered incorrectly, follow these steps to create a $0 premium invoice to adjust the commission amount the agency will keep before paying the premium to the carrier.
To create a $0 premium invoice:
- From the applicant's Overview screen, click Create Invoice.
- Select the Policy from the dropdown, and click Create Invoice.
- At Gross Commission, set the value to $, and enter the adjusted commission amount.
- If this commission is owed to the carrier, enter a negative commission amount.
- If the agency is keeping the commission, enter a positive commission amount.
- At Billing Premium, enter $0. This MUST be done AFTER entering the commission amount.
- Verify the Invoice Total is $0 - this means the customer owes nothing at this time. Remember that they paid on the original invoice.
- Review the line item details to ensure all money is moving between Net Premium and Retained Commission.
- Retained Commission - Internal Split should show any commissions owed to the producer, if applicable.
- Click blue Actions button at top, middle of screen, and select Create Invoice.
- When creating check to carrier for premium, select all line items from BOTH the original and $0 premium invoices.
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