ABS Receipt Manager

The management of your Premium Trust Account is an important, and regulated part of your business. The ABS Receipt Manager brings up-to-date technology to that task. Since this is an option that works with ABS Agency Builder most of the receipt information is entered automatically, minimizing the chance for error. All you need to do is type the name of the person who is actually making the payment, and then select the policies from a list. The policy list comes from the ABS Agency Builder database, so the entries are pre-filled with Carrier Name, Policy Type, Policy Number, Risk, and Premium. It is possible to create a complete invoice and only need to type the payer's name and check number, and click your mouse a few times.

If the client should bring in an invoice with a different premium, you can enter the corrected premium right on this screen. The Amount Received is automatically revised to reflect any changes. All you have to do is click the Print button.

Several things happen when you click the print button. Naturally you get a printed receipt, but in addition all the payment information is permanently recorded in a special payment database that is separate from your ABS client data. There are several advantages of having a separate database, it is less likely to become corrupt, and deleting an account will not alter your trust account history.  The payment data is used to create Settlement Reports, and can be used to lookup past payments. You can even re-print prior receipts. 

System requirements

You must be a current user of ABS Agency Builder version 2.6 or higher.