Creating a Premium-Reducing Endorsement in Ascend with the Veruna Integration
Jack Brown
11 steps
3 minutes
1
On the policy, create a Policy Change object
2
Select "Endorsement" as the policy change type
Add a description to the endorsement according to your agency's best practices
3
Select the endorsement effective date
4
Enter the amount of return premium / fees generated from the endorsement
Since it is a premium-reducing endorsement, use negative numbers
5
Once the policy change is ready to be created, click "Save"
6
On the Policy Change object, click "Insert Billings" to create the endorsement billing
7
Click "Ok"
If you don't have Accounting Seed access, the process ends here. Someone with Accounting Seed access will need to complete the following steps.
8
From the policy, navigate to the billing you just created
9
Invert the billing to a Payable
10
Navigate to the new Payable and click "Ascend Endorsement" to generate the endorsement in Ascend
11
Select the cancellation document from SDocs (or upload your own) and click "Save"
Creating a Premium-Reducing Endorsement in Ascend with the Veruna Integration
Jack Brown
11 steps
3 minutes
1
On the policy, create a Policy Change object
2
Select "Endorsement" as the policy change type
Add a description to the endorsement according to your agency's best practices
3
Select the endorsement effective date
4
Enter the amount of return premium / fees generated from the endorsement
Since it is a premium-reducing endorsement, use negative numbers
5
Once the policy change is ready to be created, click "Save"
6
On the Policy Change object, click "Insert Billings" to create the endorsement billing
7
Click "Ok"
If you don't have Accounting Seed access, the process ends here. Someone with Accounting Seed access will need to complete the following steps.
8
From the policy, navigate to the billing you just created
9
Invert the billing to a Payable
10
Navigate to the new Payable and click "Ascend Endorsement" to generate the endorsement in Ascend
11
Select the cancellation document from SDocs (or upload your own) and click "Save"
