Base Amount Changed

From the Posting Screen, choose the Post Different Amount Button, or from the Commission Distribution Screen, choose the Post Different Amount Button.  If the commission is based on a percentage of premium and you choose the option to change the Base Amount, this screen will appear.

Overview

When the base amount used for the commission calculation is the coverage's premium, this screen gives you the option of changing the premium on the policy record for either the current year or all future years.

 

Change Coverage Premium In Policy Record

Change Coverage Premium In Policy Record

Unless the premium change is temporary, you will probably want to choose both check boxes.

Change Modal Premium For Year X

The current policy year is calculated by Advisors Assistant based on the policy effective date.  Checking this box will change the modal premium based on the ratio base amount used to calculate the original transaction

Change Modal Premium for Subsequent Years

If you change the current year, you probably want to change subsequent years, unless it's just a one year change.

 

Important Note: Advisors Assistant will use the current premium recorded in the coverage and ratio it based on the Due Transaction's Due Amount and the Amount You Post.  If the premium has changed since the commission transaction was created, the ratio used will be based on transaction's base amount and be applied to a different premium.  This screen shows you the current premium in the coverage so you can determine if it may have changed as a result of a previous posting..

lightbulb_on

If you're posting more than one calculation period, do not change the premium more than once.