Share Revenue - Broker Commission

Debits: Broker Commission Expense (based on Share Revenue percentage and structure)

Criteria:
- Accounting Month - Current Default Month
- Retained Commission - Exclude
- Pr/Br Agency Bill Commission - Accounting Method
- Pr/Br Direct Bill Commission - Accounting Method
- Broker External/Internal - External
- Revenue Receiving Agency - Agency or agencies receiving the revenue
Select the Complete Detail - Share Expense layout.
To verify the debit entry to Broker Commission Expense, total the Sharing - Br Com Amt and Receiving - Br Com Amt based on the expense allocation per structure.

Criteria:
- Accounting Month - Current Default Month
- Retained Commission - Exclude
- Pr/Br Agency Bill Commission - Accounting Method
- Pr/Br Direct Bill Commission - Accounting Method
- Broker External/Internal - External
Layout:
- Select the Complete Detail - Payable layout.
- Add a major sort by Agency.
- Add a major sort by BrokerCommissionReport.PrBrType.
- Add a major sort by BrokerCommissionReport.BrokerCode.
- Add subtotals for Transaction Amt, Agency Comm Amt, and Broker Comm Amt in the footer for the new major sorts.
To verify the credit entries to Broker Commission Payable + broker subaccount, total the Br Com Amt for each broker individually.

Broker Commission (Recognizing Broker Expense and Deferring Broker Payables)

Debits: Broker Commission Expense (based on Share Revenue percentage and structure)

Criteria:
Note: If recognizing installment revenue immediately, ensure that the Accounting Month and Production Month criteria are set to All and the General Ledger Transaction Month criterion is set to the current accounting month.
- Accounting Month - Current Default Month
- Retained Commission - Exclude
- Pr/Br Agency Bill Commission - Accounting Method
- Pr/Br Direct Bill Commission - Accounting Method
- Broker External/Internal - External
- Revenue Receiving Agency - Agency or agencies receiving the revenue
Select the Complete Detail - Share Expense layout.
To verify the debit entry to Broker Commission Expense, total the Sharing - Br Com Amt and Receiving - Br Com Amt based on the expense allocation per structure.

Criteria:
Note: If recognizing installment revenue immediately, ensure that the Accounting Month and Production Month criteria are set to All and the General Ledger Transaction Month criterion is set to the current accounting month.
- Accounting Month - Current Default Month
- Retained Commission - Exclude
- Pr/Br Agency Bill Commission - Invoiced
- Pr/Br Direct Bill Commission - Invoiced
- Broker External/Internal - External
Layout:
- Select the Complete Detail - Payable layout.
- Add a major sort by Agency.
- Add a major sort by BrokerCommissionReport.PrBrType.
- Add a major sort by BrokerCommissionReport.BrokerCode.
- Add subtotals for Transaction Amt, Agency Comm Amt, and Broker Comm Amt in the footer for the new major sorts.
To verify the credit entries to Broker Commission Payable + broker subaccount, total the Br Com Amt for each broker individually.

Broker Commission (Deferring - Moving Deferred to Current Payables)

Debits: Deferred Broker Commission + broker subaccount (this includes write-offs)

Credits: Broker Commission Payable + broker subaccount. Write-offs credit Broker Commission Expense.

Broker Commission Report
- Criteria
- - Accounting Month - Current Default Month
  - Retained Commission - Exclude
  - Pr/Br Agency Bill Commission - Accounting Method
  - Pr/Br Direct Bill Commission - Accounting Method
  - Broker External/Internal - External
- Layout:
- - Select the Complete Detail - Payable layout.
  - Add a major sort by Agency.
  - Add a major sort by BrokerCommissionReport.PrBrType.
  - Add a major sort by BrokerCommissionReport.BrokerCode.
  - Add subtotals for Transaction Amt, Agency Comm Amt, and Broker Comm Amt in the footer for the new major sorts.
Write-Off - Share Revenue Report
- Criteria
- - Accounting Month - Current Default Month
  - Receivable Write-Offs - Include
  - Direct Bill Write-Offs - Include
- Layout
- - Add a major sort by BrokerCommissionReport.PrBrType.
  - Add a major sort by BrokerCommissionReport.BrokerCode.
To verify the debit entries to Deferred Broker Commission + broker subaccount, sum the following:
- Total the broker commission amount per broker (from the Broker Commission Report)
- Total Unearned Pr/Br Com Amt per broker (from the Write-Off - Share Revenue Report)
To verify the credit entries to Broker Commission Payable + broker subaccount, use the broker commission amount per broker (from the Broker Commission Report).
To verify the credit entry to Broker Commission Expense, sum the Unearned Pr/Br Com Amt for all brokers per expense allocation structure (from the Write-Off - Share Revenue Report).

Interagency Payables/Receivables

"Sharing structure" refers to the main transaction agency structure. "Receiving structure" refers to another structure sharing a percentage of the revenue.

Debits: Interagency Commission Receivable + main transaction agency subaccount (in sharing structure). This includes write-offs.

Credits: Sharing Income + main transaction agency subaccount (in receiving structure). This includes write-offs.

Share Revenue - Broker Commission

Broker Commission (Not Deferring Broker Commissions)

Broker Commission (Recognizing Broker Expense and Deferring Broker Payables)

Broker Commission (Deferring - Moving Deferred to Current Payables)

Interagency Payables/Receivables