Your financial periods have to be set up to understand this article.
Statements
On your statements tab, you will see that your first column now has a period linked to it. If not, you can manage your columns to see it.
This period will be determined by identifying which financial period is applicable to your statement date.
Finalizing
When you are sure that you have completed all the processes for the financial period (all commission statements loaded, linked and allocated), you can finalize this period.
Step 1: Navigate to office settings > financial periods > edit the applicable financial period, and click on finalize
After a few second, your statements will changed from Allocated to Finalized:
Important: not all products in the statement needs to be allocated or finalized; the statement can be paid out partially due to our “Partial Allocation” feature.
If the Item-status is only linked, and not allocated, it will not finalize with the financial period.
Reporting
Financial Period Payment Date can now be included in your reporting configurations.
Compliance
Only statement items in a perfect state will be finalized once you finalize a period.
This is what a perfect state will look like:
· Statement Item Status = Allocated
· Product Compliant = Yes
If it's not in a perfect state, the commission statement will be partially finalized.