Commission Tracker Weekly Wing Tip
Did you know the Payment Discrepancy Report compares the actual commission received from the carrier to the commission CT expected to receive? This replaces the Actual vs Expected Commission Report.
The Payment Discrepancy Report is based on the Expected Commission of each policy. So if you do not setup Carrier Commission Tables or at least set the "Commission Per PMT" value directly on the policy, an Expected Commission cannot be calculated. Without Expected Commissions there will be no way to identify discrepancies.
  • The date filter allows you to limit the report to payments by their Received or Billing Date.
  • The Payment Discrepancy Report also offers the option to compare actual vs expected premium.
  • For example, you can choose to only show payments where the difference between actual and expected commission (or premium) is greater than 10%
  • The Payment Discrepancy Report is different from the Accounts Receivable Report.
  • The Payment Discrepancy Report itemizes payments that have been received but for a different amount than expected.