QL.Admin premium processing is designed to allow for quick premium entry. Paid to dates, commission records and financial values are updated in real time as the payments are applied. Premiums may be applied by individual policy or by group. The system automatically determines the best method to account for the premium payment – whether the payment is a multiple of the current mode or a modal payment that is different from the current policy mode.

Over/short and suspense amounts are calculated according to your company's specific rules. Commissions are automatically adjusted for any premium reversals or changes to payments previously applied. Preliminary and final premium application reports are created and identified for each user who entered premiums.