Payment reports

BriteCore offers four out-of-the-box payment reports, which are summarized in the below table. The reports are accessed in the Reports module. See Table 1

Table 1: BriteCore payment reports.

Cash Balance

The Cash Balance report is a monthly report you can use to balance your payment records against bank statements. The Cash Balance Report displays gross payments received for policies within a specified timeframe. It also displays where the payments were directed. The payments can be directed to the premium, advanced premium, custom fee, system fee, and the suspense account. To run the Cash Balance report:

  1. Navigate to Reports > Report List > Management.
  2. Select Cash Balance Report and the Cash Balance Report dialog box will open.
  3. Type the date range or use the date picker to select a date range to run the report for.
  4. Select Run Report.

Payments Received

The Payments Received report is a daily report that you can use to view the daily balance of deposits. It displays an overview of all payments made within a specified timeframe. It also displays how the payments were made, such as ACH, credit card, sweep, etc. The report displays a snapshot of total payments made by policy type as well as a snapshot of the total payment amount made by payment method. To run the Payments Received report:

  1. Navigate to Reports > Report List > Billing.
  2. Select Payments Received and the Payments Received dialog box will open.
  3. Type the date range or use the date picker to select a date range to run the report for.
  4. Select Run Report.

Premium Earned Unpaid

The Premium Earned Unpaid report is a daily report that you can use to audit the earned but unpaid premium. It displays any policy where the earned premium is greater than the paid premium. The report also displays the difference between the earned premium and paid premium. To run the Premium Earned Unpaid report:

  1. Navigate to Reports > Report List > Premium.
  2. Select Premium Earned Unpaid and the Premium Earned Unpaid dialog box will open.
  3. Type the date or use the date picker to select the date that you want to run the report for.
  4. Select Run Report.

Return Premium

The Return Premium report is a daily report that you can use to audit return premium checks. The Return Premium Report displays the amount of return premium owed, the reason for the return premium, and whether or not the return premium has been exported. To run the return Premium Report:

  1. Navigate to Reports > Report List > Premium.
  2. Select Return Premium and the Return Premium dialog box will open.
  3. Type the date range or use the date picker to select the date range that you want to run the report for.
  4. Select Run Report.