If an associate in the Market Center has not capped, the reimbursement of CO$ on the Disbursement Authorization (DA) can be added back into the associate commission portion of the DA. When booking the CO$ reimbursement this way the associate’s 1099 income will increase by this amount. However, when an associate is capped, the CO$ reimbursement can not be booked through the DA. The system will not allow the Market Center to give back more commission/CO$ than the associate is receiving.
It is recommended that BOLD reimbursements be booked directly in AccountEdge (US) or Lone Wolf (Canada) for capped and non-capped associates using one of the following methods:
1. Issue a credit on the associate’s office bill and name a “user defined” expense account “Bold program reimbursements” and code this credit to this expense account
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2. Issue a check directly to the associate and name a “user defined” expense account “Bold program reimbursements” and code the check to this account.
If all these reimbursements are booked directly through AccountEdge (US) or Lone Wolf (Canada)this will provide a good accounting trail of all the associates that received reimbursements who had closings from the class and exactly how much the MC has reimbursed for BOLD.