Fee Bank Management
29 steps
3 minutes
Create Fee for Fee Bank
1
From the Transactions tab, click "Commission Schedules"
2
Click the "Commission Schedule Library" button.
3
Click "Fee Bank"
4
Click "Add Fee"
5
Enter the name of the Fee in the "Commission Fee Label" field.
6
Using the dropdown menu, select the "Payor" to whom the fee will be charged.
7
Select the Tracking account to track this recovery charge.
If the Tracking Account field is left blank it will track to the General Ledger Account tied to the Transaction.
8
Select if wanting to display this fee on the Agent Breakdown or CDA.
9
Click "No Liability"
10
Enter the default amount of the fee.
While you can set a default amount for a fee, it can be adjusted on each transaction as needed.
11
Click "Save"
12
Click "OK"
Add a Disbursement to Fee Bank
This process would be used if looking to have a pre-built payout to another entity. Example: A payment towards a TC, assistant, or another agent.
13
Click "Add Fee"
14
Enter the name of this charge.
15
Select where to charge this payment.
16
Select if wanting this charge to show on the Agent Breakdown or CDA.
17
Select "Agent" for disbursement type.
18
Select desired entity to create the payment for.
19
Enter a default amount for this charge.
20
Click "Save".
21
Click "OK"
Verify the Fee Successfully Added
22
Click the "Pending" option under the Transactions tab.
23
Click into the "Action" button on an existing transaction.
24
Click "Commission Detail"
25
Click "View Fees Detail".
26
Click "Add Manual Fee"
27
Locate fee in Fee Bank dropdown.
28
Click "Cancel"
29
Click "Close"
Fee Bank Management
29 steps
3 minutes
Create Fee for Fee Bank
1
From the Transactions tab, click "Commission Schedules"
2
Click the "Commission Schedule Library" button.
3
Click "Fee Bank"
4
Click "Add Fee"
5
Enter the name of the Fee in the "Commission Fee Label" field.
6
Using the dropdown menu, select the "Payor" to whom the fee will be charged.
7
Select the Tracking account to track this recovery charge.
If the Tracking Account field is left blank it will track to the General Ledger Account tied to the Transaction.
8
Select if wanting to display this fee on the Agent Breakdown or CDA.
9
Click "No Liability"
10
Enter the default amount of the fee.
While you can set a default amount for a fee, it can be adjusted on each transaction as needed.
11
Click "Save"
12
Click "OK"
Add a Disbursement to Fee Bank
This process would be used if looking to have a pre-built payout to another entity. Example: A payment towards a TC, assistant, or another agent.
13
Click "Add Fee"
14
Enter the name of this charge.
15
Select where to charge this payment.
16
Select if wanting this charge to show on the Agent Breakdown or CDA.
17
Select "Agent" for disbursement type.
18
Select desired entity to create the payment for.
19
Enter a default amount for this charge.
20
Click "Save".
21
Click "OK"
Verify the Fee Successfully Added
22
Click the "Pending" option under the Transactions tab.
23
Click into the "Action" button on an existing transaction.
24
Click "Commission Detail"
25
Click "View Fees Detail".
26
Click "Add Manual Fee"
27
Locate fee in Fee Bank dropdown.
28
Click "Cancel"
29
Click "Close"
