Statement to payout

Step by step

1. Statement preparation Billing Operations

   Billing Operations checks the account, run, line products, service periods and totals on the Draft statement.

   • Inspect lines, dates and totals
   • Updates Commission statements, Statement lines, Commission schedules

2. Statement issue Billing Operations

   Billing Operations records the issue and due dates, confirms the actual send, and updates the statement to Sent.

   • Record issue and due context
   • Updates Commission statements

3. Payout record Collections

   Collections links each payout to the correct statement and account, then checks amount, method and bank reference.

   • Link disbursement to statement
   • Updates Payouts, Commission statements

4. Payout reconciliation Collections

   Collections confirms the external payment result, updates payout status and checks the remaining statement balance.

   • Check status and remaining balance
   • Updates Payouts, Commission statements

Billing Operations

Prepares statements.

Collections

Follows payouts and balances.

Finance Leadership

Reviews failed or material items.