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For detailed instructions about using the Accounting System, click here for the EZLynx Accounting User Manual.

Learn how to create agency bill single or premium finance invoices.

For agency bill policies, begin by creating a customer invoice.  The steps for creating this invoice vary depending on the payment terms and whether a Premium Finance Company is involved.

This video is intended for all users at an agency with EZLynx Accounting that can create invoices. We'll show you how to transfer policy data into an invoice, including commissions, and add line items for taxes or other fees. This tutorial does not discuss premium finance companies.

Always enter the Agency Bill policy before creating the invoice:  

  • From the applicant’s Overview tab, locate the policy.
  • At right, click Actions, select Edit.
  • At Billing Type, select Agency.
  • At Written Premium, enter net premium amount.
    • Net premium includes policy premium and commissions only. Taxes and fees are added as line items on the invoice.
  • Click Save Policy.
  • Now create the invoice: 
    • From the Overview tab, click Create Invoice.
    • Select the Policy.
    • Click Create Invoice and land on Create Invoice page.
    • Now create a Single Invoice

This video is intended for all users at an agency that uses EZLynx Accounting.Certain carriers require a policy’s premium to be paid in full, so the policyholder might use a Premium Finance company to help make the payment. This video covers how to invoice for a policy involving a premium finance company when the finance company pays the billing company directly, and the agency collects a deposit or down payment from the customer.

A Premium Finance Company may be used by a customer to finance part of an insurance policy premium.

The Premium Finance Company sends the payment to the billing company or agency:

  • If Billing Company - financed amount is sent directly to the carrier. The agency is responsible for collecting any associated fees and retained commissions.
  • If Agency - financed amount is sent to the agency.  The agency is responsible for paying the carrier the entire premium plus any associated fees.

Financed amount to billing company: 

  • At Invoice Type, select Premium Finance.
  • Select the Premium Finance Company.
    • If company is not in dropdown menu, see agency setup tasks. 
  • Select Paid to Billing Company.
  • Enter Amount Financed per your agreement.
  • Add additional line items, if appropriate.
  • Click Create Invoice.
  • Now, to record the deposit payment, find the invoice, click Select under the Actions column.
  • Click Pay, and the New Receipt tab.
  • At Comment, enter carrier name and last four digits of policy #.
  • At Deposit, select the appropriate day’s deposit reference # or leave it set to None.
  • Click Save.
  • Payment is received, applied and ready for deposit - to pay the carrier.

Financed amount to agency:

  • Follow steps 1 - 6 above, except change Paid to field to Agency.
  • Two invoices are created; one each for customer and finance company.
    • An invoice # that ends with “F” is for the finance company.
    • Each invoice is paid separately.
    • To view collected payment information for both invoices, simply click the Finance invoice. 
  • Enter the finance company receipt in the Accounting portal.
    • Go to the Receivables page, click Add Receipt.
    • At Payer, select the finance company.
    • Enter required data, and Save.
    • Click Actions, then select Apply by Invoice.
    • Choose the invoice line items and click Save.