Creating Wealth. Transforming Lives LEDGER REPORTS

Transcription

1 Creating Wealth. Transforming Lives LEDGER

2 REPORT TYPES The newly deployed ledger reports are aimed at providing various types of reports from a single selection screen across all the brokerage payment types for all the products that a partner is enrolled with. You can access the reports at the location mentioned below: Partner Desk >> Admin >> Payment >> Ledger Report The following are the various report types that are available: 1. Ledger Report 2. Bill Report 3. Payment Advice REPORT TYPES

3 REPORT TYPES: LEDGER REPORT TYPES >> LEDGER REPORT: The ledger Report displays details relating to all brokerages processed and/or paid during the selected period for all the products. >> BILLS: The bill wise report displays brokerage bills generated for the selected period for all the products. >> PAYMENT ADVICE: Payment Advice Reports provide you with a summary of all the payments / recoveries processed for all the products.

4 Creating Wealth. Transforming Lives LEDGER

5 LEDGER REPORT LEDGER REPORT (1) To view ledger report kindly make the desired selections from the filter screen for Date, Product and Payment Type. Please note that selecting Display payment entries Only will load only such entries for which payouts have been processed Select Report Period Select Ledger Report Select Product Select Brokerage Type

6 LEDGER REPORT LEDGER REPORT (2) In order to get the report in Excel / PDF format, kindly select Export Tab from the top and make the desired selections. Provide your desired report name and click on Apply.

7 LEDGER REPORT LEDGER REPORT (3) The ledger report provides entry wise details of brokerages and payouts processed

8 PAYMENT ADVICE LEDGER REPORT (4) The various fields of the ledger report are read as follows: 1. Partner: Displays the partner code and name to which payment has been made. In case where there are different persons (payees) for different products, the report will be displayed at person level. 2. PAN: Displays the PAN of the Partner Code 3. Period: Displays the period for which the report has been generated 4. Generated On: Displays the report generation date 5. Date: Displays the bill date 6. Product: Displays the product to which the entry relates i.e. In case of brokerage payout for FD, MF or realty products the field will display the product name accordingly. 7. Payment Type: Displays the nature of brokerage payout i.e. Upfront, Addl Upfront, Trail, etc. 8. Description: Displays whether it is a bill or a payment 9. Bill/Payment Advice No.: Displays the Bill No or Payment Advice no of the entry 10. Bill Amount: Displays the Bill Amount of the transaction 11. TDS: Displays the amount of TDS deducted 12. Payment (Rs): Displays the amount of payment processed 13. Balance: Displays the outstanding ledger balance 14. Chq No.: In case of payment by cheque, the same will display cheque no. 15. Total: Displays column wise totals of respective fields

9 Creating Wealth. Transforming Lives BILL

10 LEDGER Brokerage BILL REPORT BILL REPORT (1) Select Report Type as Bills and make the desired selections from the filter screen for Date, Product and Payment Type. You can provide a bill no to view report of a particular bill. You can also provide more than one bill no by separating the same with commas (,). Select Report Period Select Bills Provide Bill No (Optional) Select Product Select Brokerage Type

11 BILL REPORT (2) LEDGER Brokerage BILL REPORT In order to get the report in Excel / PDF format, kindly select Export Tab from the top and make the desired selections. Provide your desired report name and click on Apply.

12 LEDGER Brokerage BILL REPORT BILL REPORT (3) The Bill report provides details of bills processed

13 LEDGER Brokerage BILL REPORT BILL REPORT (4) The various fields of the ledger report are read as follows: 1. Partner: Displays the partner code and name to which payment has been made. In case where there are different persons (payees) for different products, the report will be displayed at person level. 2. Product: Displays the product to which the entry relates i.e. In case of brokerage payout for FD, MF or realty products the field will display the product name accordingly 3. Sub Type: Displays the nature of brokerage payout i.e. Upfront, Addl Upfront, Trail, etc 4. Bill No: Displays the Bill No of the relevant transaction 5. Bill Date/ Transaction Date: Displays the bill date or transaction date of the transaction 6. Gross Amount: Displays the Bill Amount of the transaction 7. TDS: Displays the amount of TDS deducted 8. Net Amount: Displays the Net amount i.e. Gross Amount TDS 9. Related Payment Advice No.: Displays the Payment Advice nos through which payments have been made for the corresponding bill nos 10. Total: Displays column wise totals of respective fields

14 Creating Wealth. Transforming Lives PAYMENT ADVICE REPORT

15 PAYMENT ADVICE REPORT PAYMENT ADVICE REPORT (1) Select Report Type as Payment Advice and make the desired selections from the filter screen for Date, Product and Payment Type. You can provide a Payment Advice no to view report of a particular Payment Advice. You can also provide more than one payment advice no by separating the same with commas (,). Select Report Period Select Bills Provide Advice No (Optional) Select Product Select Brokerage Type

16 PAYMENT ADVICE REPORT PAYMENT ADVICE REPORT (2) In order to get the report in Excel / PDF format, kindly select Export Tab from the top and make the desired selections. Provide your desired report name and click on Apply.

17 PAYMENT ADVICE REPORT PAYMENT ADVICE REPORT (3) The Payment Advice provides details of Payments processed

18 PAYMENT ADVICE REPORT PAYMENT ADVICE REPORT (4) The various fields of the ledger report are read as follows: 1. Paid To: Displays the partner code and name to which payment has been made. In case where there are different persons (payees) for different products, the report will be displayed at person level. 2. Payment Advice No.: Displays the Payment Advice nos through which payments have been made for the corresponding Amounts 3. Amount: Displays the Amount processed through the payment advice 4. Total: Displays column Sub Total / Total of Amount field

19 Creating Wealth. Transforming Lives PAYMENT ADVICE

20 PAYMENT ADVICE PAYMENT ADVICE (1) The Payment Advice Statement provides details of brokerages payouts processed

21 PAYMENT ADVICE PAYMENT ADVICE (2) The Payment advice is divided in 5 major blocks viz: Partner (Payee) Information, Payable Amount Block, Recoverable Amount Block, Deduction Block and Net Payment Block. The various fields of the Payment Advice are read as follows: 1. Payment Ref No: Every payment advice bears a unique ref no. known as payment ref no. 2. Partner Details block: Displays various details relating to the partner such as the partner code and name of the partner to whom payment has been made, the address of the partner. 3. Generated On: Displays the payment advice generation date 4. Payable Amount Block: Displays the details relating to amounts payable to the partner code 5. Opening Balance: Displays total outstanding amount pending to be paid to the partner code against any of the previously generated bills. 6. Product Sub Type: Displays the nature of brokerage payout i.e. Upfront, Addl Upfront, Trail, etc. 7. Bill No.: Displays the Bill No of the transaction 8. JV Date: Displays the bill date or transaction date as applicable 9. Brokerage Period: Displays the brokerage period of the transaction processed for payment. 10. Net Amount After TDS: This is the net payable amount of the transaction remaining after TDS deduction i.e. If the Real Estate Brokerage Bill amount is 1000 and TDS rate is 10%, the net amount after TDS = 900

22 PAYMENT ADVICE PAYMENT ADVICE (3) 11. Processed Amount : Displays the total amount which has been processed for payment till date. e.g. The partner earned 5000 RAP points in the month of April 15 And he/she redeemed 2000 RAP Points out of the above amount in the month of May 15. In this case the processed amount will be Previously Adjusted or Paid Amount: Displays the amount which has already been adjusted / paid through a previous payment advice. e.g. The partner earned 5000 RAP points in the month of April 15 And he/she redeemed 2000 out of the above amount in the month of May 15. In June 15, the partner again redeems the remaining 3000 from the balance RAP ( ) In this case, the previously Adjusted or Paid Amount for the June 15 Payment Advice will show Rs Also note that the processed Amount Column will show Rs in this case

23 PAYMENT ADVICE PAYMENT ADVICE (4) 13. Current Adjusted: Displays the amount which has been adjusted towards outstanding recoveries in the current payment cycle. e.g. Continuing from the above example of RAP redemption request for 3000, say there is a recovery of 500 for B15 clawback outstanding against the partner code for the current payment cycle,in that case, the amount of 500 will be recovered from the RAP redemption request for 3000 and the same will be displayed as current Adjusted amount. 14. Payable Amount: Payable amount is the net payable amount against the bill after deducting the Previously Adjusted/Paid Amount and Current Adjusted amount from the Processed Amount e.g. Continuing from the above example of RAP accruals of 5000 for April 15 Net Amount After TDS = 5000 Processed Amount = 5000 Previously Adjusted/Paid Amount = 2000 Current Adjusted = 500 Payable Amount = 2500 (5000 Processed Amount Previous payment -500 current adj)

24 PAYMENT ADVICE PAYMENT ADVICE (4) 15. Recovered Amount Block: The recovered amount block, as the name describes, shows the negative payables (i.e. Recovery) processed in the current payment cycle. 16. Deduction: The deduction block displays any other deduction made from brokerage payouts e.g. Courier Charges, Cheque processing charges, etc. 17. Net Payment Block: The net payment block displays the net amount processed for payment.

25 Creating Wealth. Transforming Lives THANK YOU