Adding funds to an open credit

There are two ways to add funds to an open credit:

1. Saving a portion of the commission cheque distributed to your agent.

2. Manual open credit upload with cash receipt (receiving an amount by Electronic bank transfer or Cheque) from your agent.

Saving a portion of the commission:

When distributing the commission amount to your agents

• Click on ADD

  

• In the disbursement operation, Click ADD to open credits

  

• Enter amount to be transferred to open credit + Save and Close

  

• The amount will now be available in your agents profile.

  

Manual open credit upload with cash receipt from your agent:

If an agent gives me a cheque or sends you me a bank transfer with funds to add to his open credit, what do I do?

1. Create a cash receipt under billing : Accounting > Cash Receipts > Billing

2. Add a new cash receipt for invoicing

3. Complete the Invoicing cash receipt profile

   

   • Select your agent

   • Select payment method: Cheque / Bank Transfer….

   • Bank GL Account where the money was deposited

   • Reference no (if applicable)

   • The amount sent

   • The cheque date

   • Enter amount to be applied to open credit (in this scenario applied complete 1000$ to open credit)