Processing a Move Money

Question 1

What screens can you access move money?

Answer 1

Policy Details Screen
Polies Screen

Question 2

Why use move money on the policies section?

Answer 2

To move credit and debit balances between policies and the divisions.

Question 3

When would I need to process a Move Money transaction?

Answer 3

Reduce or Eliminate a Debit Balance on a Dead Policy
Remove a Duplicate Policy or Application
P&L a Debit Balance Under $10.01 on a Dead Life or Health Policy
Issue a Refund
Send Credit to Division
Move Policy Balances to Another Account

Question 4

Suspense Account Codes

Answer 4

184 Profit/ Loss
258 Refunds
233 Return Payment
320 Transfer
336 Premium Cash