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Introduction

Cash Receipts

Debtors Ageing Schedule

Instalment Payment Receipts

Premium Funding

Receipts Analysis

Unallocated Cash & Credits

Unallocated Insurer Refunds

Introduction

INSIGHT reports are grouped into different headings. The Receipts heading captures the following reports:

Cash Receipts

This report provides visibility on cash receipts or cash returns on Clients', Insurers' and Producing Brokers' accounts.

Prior to running the report, a transaction list is displayed to preview the contents of the report. This transaction list will auto-update as you change your selections for dates, report type, entity type and client.

Debtors Ageing Schedule

This report monitors the debts of your clients and how long they are past due. It provides a list of all invoices that haven't yet been paid, minus any credit notes that have been issued to the client but not refunded.

This report can be generated in 3 different styles: 

Summary - provides a list of clients summarising the total of how much they've paid, what is owed and how long it has been due.

Detail - provides a list of invoices detailing the individual amounts per invoice of what is due and how long it has been due.

Producing Broker - provides a list of invoices detailing the individual amounts per invoice of the original amount due, the net due amount and how long it has been due.

 NOTE: 
Your chosen Style determines the selections available for Content Type, Group By and Sort By. 
When Detail and Producing Broker are chosen, the additional Content Type options are Premium, Gross, Nett, Auth Rep & Prod Broker.
The Client Type field is used for monotoring Split Invoice policies and is displayed when Style = Detail and Select All Records = No. It has the options of 'Master client and/or Stand alone policy client only' and 'Co-client only and/or Stand alone policy client only'
 Your selection in the Age Band fields determine the age bands displayed in the report.

Instalment Payment Receipts

This report monitors instalment receipts created in the system. Instalment receipts are extracted to the report based on your Date Option selection:

• Date Receipted - includes successfully processed instalment receipts that have a Paid Payment Status.
• Date Downloaded - includes instalment receipts based on when they were downloaded or created regardless of their Payment Status. For example, receipts with an Unprocessed Payment Status due to errors in the download.

 NOTE: When Select All Records is No, you can also filter by:
Payer Reference - filter the report with the specific insurer payment reference included in the instalment receipts file
Processed Status - filter the report using Processed Statuses such as Paid, Does not exist, Error, Adjustment, Unknown, Unprocessed

Premium Funding

This report provides a list of funded invoices based on your date selection, showing the funder and their funding statuses. When Select All Records is No, you can also filter by Premium Funder and Funded Status.

Receipts Analysis

This report lists receipted invoices/transactions showing the date of when it was receipted and the income breakdown.

The report content will differ based on your Parameter selections, you can choose to include GST values, exclude cancellations and exclude lapse transactions. When Select All Records is No, you can also filter by the following Payment Plan options:

Unallocated Cash & Credits

This report displays all credit notes that have not been applied to an invoice, it also displays any cash amounts that have been receipted to a client but left unallocated, as well as any items that have been turned into cash (R/P). You can also customise the report to only include credits received from the insurer.

Unallocated Insurer Refunds

This report displays all monies that have been receipted against an insurer and remains unapplied to a transaction.