Process pending commissions

Commission is the compensation due to an agent or agency in exchange for the development of a new business or maintenance of an existing business. In the Policies module, you can process monthly commissions and contingent commissions on the Pending Commission Payments screen.

Note: Contingent commissions are commissions paid by an insurance or reinsurance company to an agency or agent for meeting specific objectives. These commissions may be paid only once or twice per year.

Process pending electronic commissions

To process pending electronic commissions:

1. In BriteCore, select Policies.
2. On the Policies screen, select Payments > Pending Commission Payments.
3. In the Commission Payment Queue section, ensure ACH is selected.
4. In the table, select the pending commission payments you want to process, and then select Process Commission Payments.

Process contingent commissions

To process contingent commissions:

1. In BriteCore, select Policies.
2. On the Policies screen, select Payments > Pending Commission Payments.
3. In the Commission Payment Queue section, select the Manual radio button.
4. If manual agency commissions don't appear, select Upload CSV.
5. In the Upload CSV dialog box, select Download Sample Template.
6. Override the information in the Commissions Sample template with your data, and then save the document as a CSV.
7. Reopen the Upload CSV dialog box, select Choose File, select the CSV you created earlier, and then select Open.
8. In the Upload CSV dialog box, select Upload. 
9. In the Pending Commission Payments table, select the pending commission payments you want to process, and then select Process Commission Payments.

Usage considerations

• If manual adjustments need to be made to the most recent month's commissions, you must make the manual adjustments before you select Process Commission Payments.
• For more information, see Enter manual adjustments.