Release date: August 2021
Currently, you can delete exported return premiums from the Accounts Receivable screen in BriteCore.
However, we made the following changes:
- Removed the option to delete an exported return premium.
- Added the option to void an exported return premium.
Note: Now that the void a return premium functionality is live, you can no longer delete a return premium in BriteCore.
Reasons for change
The functionality to void an exported return premium replaced the option to delete a return premium for the following reasons:
- To improve data transfers with certain thrid-party vendors. The ability to delete a return premium before and after it’s exported complicates BriteCore’s ability to send transaction details via API to certain vendors.
- To document all accounting history.
Deleting versus voiding return premiums
Deleting and voiding return premiums are similar but not quite the same.
Delete a return premium
Deleting a return premium removes all of its information as if it never existed.
Note: Once all of the return premium’s information is removed, you can’t go back to see the associated transactions.
Once you delete a return premium, BriteCore:
- Removes the return premium transaction from the Return Premium Queue and the Account History table.
- Reverts the Trailing Balance amount in the Account History table to the amount that existed before the return premium was issued.
- Adds the amount of the deleted return premium as a credit in the Balance Details section.
- Generates the following Account History Row Deleted note on the policy’s Notes screen:
The <Return Premium Date> Return Premium was deleted.
Note: When you delete a return premium, BriteCore behaves as if the transaction never occurred.
Void a return premium
The new void functionality allows you to:
- Void a return premium, which removes it.
- Access the return premium’s digital trail, which remains after the return premium is voided.
One of the biggest advantages of voiding a return premium over deleting it is the digital trail voiding the return premium leaves behind.
Keeping a digital trail offers several benefits, including:
- User accountability.
- Event reconstruction.
- Intrusion detection.
- Problem identification.