Webinar: Account Management (Accounting)

Learn how to add payees, enter commission income, pay producer commissions, export from EZLynx, give a user access to Accounting, and configure system settings.
For assistance with EZLynx Accounting, contact accountingsupport[email protected]

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Webinar: Agency Bill Basics (Accounting)

Learn how to take customer payments in office, retain agency commissions and pay the premium to the carrier.

For assistance with EZLynx Accounting, contact [email protected]

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What’s New in EZLynx Accounting 2.4

Enhancements

Invoices:

  • Ability to add an image to invoice footers
  • Full name of coverage is printed on invoice
  • Ability to add comments that print on invoice
  • Quickly update policy numbers on existing invoices
  • View due dates on the Invoice Overview screen

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Receipts:

  • Ability to add custom receipt footers
  • Invoice total prefills when a receipt is created
  • Comments column added to Adjustment screen
  • A check number is no longer required unless Payment Type selected is “Check”
  • Updates to Add Receipt box
  • Ability to check ”Send to QuickBooks” box when adding EFT Receipts

Reports:

  • Ability to sort “Agent” column in the Cash Receipts report
  • Added applicant name and policy number to Check Register report
  • Added bank accounts to Deposit Summary report

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  • Group data by agency in order to manage multiple locations – on the following reports:

Trial Balance                              Unapplied Cash
GL Posting Detail                      Undeposited Funds
Cash Receipts                            Invoice Summary
Deposit Summary                     Production by Producer
Check Register                          Production by Writing Company
Payee List

Checks:

  • Ability to search by applicant when adding line items to a check
  • Added an “Exported” column to the Checks grid
  • Ability to change the payee name on an a submitted check

Configuration:

  • Ability to set Default Days Grace for payees on the Configuration tab

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  • Warning message appears when adding a payment to a closed month
  • Enhanced date search for receipts, invoices payables and general ledger
  • Added “Today” as a quick option on date selectors

 

 

Bug Fixes

Invoices:

  • Invoice footer spacing on printed invoices
  • Direct Bill Statements no longer create duplicate payees
  • When creating a line item, we no longer add a second line under it
  • Deleted Direct Bill Statements removed from both Commissions and Accounting
  • When adding a Pending Invoice, line items are not duplicated
  • Customer statements regenerate when adding a new transaction

Receipts:

  • Removed ability to add negative receipts to a deposit
  • Negative receipts can’t be created as credit/EFT
  • Changes to bank account name updates everywhere the name is displayed
  • Restored missing receipts on Invoice tab
  • Able to apply receipts to certain statements
  • Able to refund negative receipts created in error

Reports:

  • Removed negative receipts from the Undeposited Funds report
  • Payable work-list issue amounts now display correctly
  • Improved Production by Producer report responsiveness
  • A unique reference number is now created for every deposit
  • When a receipt is applied, it automatically refreshes to the top of the page

Checks:

  • Upgraded Check search options
  • Missing Direct Bill cash payment carriers are now displayed

Configuration:

  • Restored the Transaction Log for receipts and checks
  • System activities no longer display duplicate usernames
  • Commissions now display correctly on Production and Payables reports

What’s New in EZLynx Accounting 2.6 – May 2016

We released these EZLynx Accounting enhancements on Thursday, May 12th, 2016.

Highlights

  • Enhanced detail for bank account QuickBooks exports in summary view.
  • Updated transaction posting dates in the General Ledger.
  • Additional Default Configuration Options for Direct Bill Income recognition dates.
  • New report for tracking additional line items – such as taxes and fees.
  • New feature allowing receipts to be added to deposits when created.
  • Improved the workflow for refunding customers through a new “Refund Unapplied” action.

 

Enhancements

General Ledger

We’ve now made bank reconciliation simpler within QuickBooks with an updated Summary level export, which provides transaction level detail for bank accounts.   Also, transaction dates detail now follow a receipt’s payment date rather than the policy effective date. Payments in a closed accounting month are still posted as today.

Direct Bill Configuration

Additional Default Configuration Options for Direct Bill Income allows better control of Direct Bill commission statements. When “Use accrual basis for recognition of direct bill income” is checked, income on policies with a future effective are posted as of the direct bill transaction date (typically the policy effective date).  If it is unchecked, income is posted as of the payment date. To set this option, hover over the Accounting tab, select Configuration and click the System Settings tab.  Scroll down to System Settings.

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Reports

Track non-premium line items such as fees and taxes with the new Invoice Line Item Detail Report.  To access the new report, hover over the Accounting icon, select Reports, and click the Production tab.

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Receipts

When creating a receipt, there is a new time-saving option; either create a new deposit or add it to an existing deposit.

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There is an improved workflow for refunding customers using a new receipt Action called “Refund Unapplied”.  Once the receipt funds are applied, there is a record that the customer received the change due.

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Bug Fixes

Checks

  • Missing payable line items from checks deleted by a user have been restored.
  • Missing direct bill cash payment details for deleted checks have been restored.