When choosing a Payment Mode from the list, scroll down to the bottom and look for Edit List (if you have rights to add to lists.)  OR Click on Admin | Drop Down Lists and choose Payment Mode as the Abbreviation Type.

Payment Mode Lookup Overview

The Payment Mode controls the number of times per year a policy has a premium due.  It is especially important for tracking commissions.  The Payment Mode pertains to all coverages on a policy, so it is a policy level value.

Fixed vs Editable Payment Modes

The following payment modes and (times per year)  are fixed because the system must depend on them as being present.

Annual (1), Semi-Annual (2), Quarterly (4), Monthly (12), Monthly Check (12), Bi-Monthly (6), Semi-Monthly (24), Bi-Weekly (26), Weekly (52)

Abbreviation

The abbreviation is the short form of the Description.  It is used on some reports where the full Description will not fit.

Examples

ANN

QTR

MONTHLY

Description

This is the long version of the payment mode and is used where it will fit on reports.

Examples

Annual

Quarterly

Monthly

Editable

Values delivered with Advisors Assistant cannot be changed because the system may depend on them for processing data.  If a list is editable, you can add or delete items, AND you have the rights to modify lists, the last item on the list will be "Edit List."

If you can change or delete an item, the Editable column will contain "Yes."

See Also

Add/Modify Payment Mode