Update Payment Tables
Overview
Located under the Tools menu, this utility synchronizes your policies with current carrier commission structures to ensure reporting accuracy.
🛠️ Key Details
- Frequency: Run at least twice a year for routine maintenance.
- Accuracy: Vital for the Agency Payments Received and Agent Commissions Earned reports to function correctly.
- Duration: Can take up to 60 minutes to complete.
💡 Best Practices
- ✅ Rate Updates: Run this immediately after changing a Carrier Commission Table to push those new rates to your active policies.
- ✅ System Performance: Running this utility regularly keeps your financial calculations optimized and fast.