Use this guide to run the commissions reports you need for your end-of-financial-year (EOFY) accounting. It outlines how to access reporting options in the Analytics and Commissions apps, and what to do if you don’t have the required access.
What EOFY reports you can generate
You can generate reports covering:
Residential and Commercial mortgage commissions
Asset Finance brokerage, including QuickAF
Insurance policy commissions
If you need VBI/Aggregator Commission share reports, you must request these by raising a commissions enquiry in Mercury Nexus or emailing your commissions support team.
Note:
These reports may appear under different sections depending on your access in Mercury Nexus.
Run EOFY reports if you have access to the Analytics app
Directors, owners and authorised users can run consolidated EOFY reports directly from the Analytics app.
To run the report:
Log in to Mercury Nexus.
Open the [link: Analytics app] from your dashboard.
Select Commissions reports.
Enter your EOFY date range.
This produces totals for:
all commissions
upfront commissions
trail commissions
You can export the report by selecting the three dots on the right-hand side.
Run EOFY reports if you have access to the Commissions app
If you have Commissions access, you can bulk download your monthly Residential/Commercial and Asset Finance commission statements. These files can then be manually consolidated.
To bulk download:
Log in to Mercury Nexus.
Open the [link: Commissions app].
Select the statements you want to export.
Click Download CSV Export.
This downloads your monthly statements in a ZIP file.
[screenshot: CSV Export option in Commissions app]
Note:
The Commissions app does not currently support generating one consolidated EOFY report. You will need to combine the individual CSV files.
If you do not have access to Analytics or Commissions
If you cannot access either app:
Ask your business owner, or
Ask another authorised user with access
to run the reports for you.
Timing of EOFY commission payments
Commission payments cannot be changed or delayed around EOFY.
Important:
Connective must process commission payments according to its standard payment calendar. Payments depend on:
when lenders remit funds to Connective, and
when Connective receives complete allocation information.
If you want to align commission income with your EOFY reporting needs, speak with your accountant about internal accounting treatment.