Use this guide to generate the commission reports required for your end-of-financial-year (EOFY) accounting.
Reporting options vary depending on your access level in Mercury Nexus.
What EOFY reports can you generate?
You can generate reports covering:
Residential and Commercial mortgage commissions
Asset Finance brokerage (including QuickAF)
Insurance policy commissions
If you require VBI/Aggregator commission share reports, you must:
Raise a commissions enquiry in Mercury Nexus; or
Email your commissions support team.
Note
Report availability and menu locations may differ depending on your access permissions.
Run EOFY reports using the Analytics app
Directors, owners and authorised users can generate consolidated EOFY reports in the Analytics app.
To run a consolidated report:
Log in to Mercury Nexus.
Open the Analytics app from your dashboard.
Select Commissions reports.
Enter your EOFY date range.
The report will display totals for:
All commissions
Upfront commissions
Trail commissions
To export:
Click the three dots on the right-hand side.
Select the export option.
This method provides the most efficient way to generate a consolidated EOFY summary.
Run EOFY reports using the Commissions app
If you have access to the Commissions app, you can download monthly commission statements and manually consolidate them.
To bulk download statements:
Log in to Mercury Nexus.
Open the Commissions app.
Select the relevant monthly statements.
Click Download CSV Export.
The selected statements will download as a ZIP file.
Note
The Commissions app does not currently generate a single consolidated EOFY report. You must combine the individual CSV files manually.
If you do not have access
If you cannot access either the Analytics or Commissions app:
Contact your business owner; or
Ask an authorised user with access
to generate the required reports on your behalf.
Timing of EOFY commission payments
Commission payments cannot be adjusted or delayed to align with EOFY.
Important
Connective must process commission payments according to its standard payment calendar.
Payment timing depends on:
When lenders remit funds to Connective
When complete allocation information is received
If you need to align commission income with your EOFY reporting, consult your accountant regarding internal accounting treatment.
Need help?
If you need help accessing or generating commission reports, contact your Partnership Manager or email [email protected].