Adding funds to an open credit

There are two ways to add funds to an agent’s open credit:

1. Saving a portion of the commission of a transaction 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 in a transactions disbursments

• Click on ADD

  

• In the disbursement operation, Click ADD (green +) to open credits

  

• Enter the amount to be transferred to open credit and Save and Close, you can continue your disbursment operations and the system will keep the amount you entered in open credit for your agent

  

• The open credit amount 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)

     

4. If there is an amount to be paid immediately for unpaid invoices, you can apply them in the Invoices to Pay section (in the scenario there are no unpaid invoices)

   

   When selecting add, a list of unpaid invoices will appear.

5. Once complete, Click on SUBMIT or Submit and add a new