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Commission Tracker Wing Tip of the Week |
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Welcome to our "Weekly Wing Tip" from The Commission Tracker Owl!
This week we are going to talk about:
CT has a report that lists detailed information about policies with delinquent commission payments from the Carrier. This report itemizes exactly how much is overdue and the age of the debt.
Accounts Receivable Aging Report
This allows the user to run the report for a single Carrier, Client or Primary Agent.
Also you have the option to just report the policies that have at least 1 payment more than 90 days overdue (this way you can see the policies that are more than a "little" late from the carrier).
Remember, you can combine these 4 filters together to create many different type of reports.
NOTE - if a policy has been canceled and will no longer be receiving payments, then you must change the status of the policy to "Terminated" or it will continue to appear in the A/R Aging Report.
The Aging Report is different from the Actual vs. Expected Report in this aspect:
Aging is a report of payments that have NOT been received yet Actual vs. Expected is a report of payments that have been received but for a different amount than expected.
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