The Club Account is a very effective and informative tool that tracks all of your monetary transactions. The purpose of the Club Account is to transparently display all of these transactions from your hard and dedicated work in your organization. All numbers are shown in the USD equivalent.
The Club Account Report can be found at the Partner Business Center, under Commissions & Fees. The report shows the activity of your Club Account and a simple click can give you the information you seek about your accounting transactions.
The report displays the type of transaction, US dollar amount of the transaction, description of the transaction, and the date of the transaction. The bottom of the report contains two totals. The first is the total for the period of the report. This period defaults to the current month, but can be changed to encompass additional timeframes. The second total is the running total or net balance of your Club Account.
The different transaction types are explained in more detail below:
Commission Settlement - This line item represents the previous two month commission that was pending and now earned. The amount is posted in the Club Account and can be disbursed according to your current payout preference. The funds can be withdrawn or used to pay for other memberships, Co-op, pins, and other items. Remember, it is also an excellent vehicle for a place to keep money for a rainy day.
Commission Advance - This line item represents the advance of the previous months pending commissions to cover the current month membership fee. The item is still an advance and may be revoked depending on any negative changes to the previous month commissions during month end calculation.
Commissions Earned - This line item represents the change from commission advance to commission earned for the payment of the previous commissions.
Disbursement - Disbursements represent the payments of available funds to you. However, this method is only available for Earned Commissions. Any credit card funding cannot be disbursed.
Disbursement Fees - represent the fees charged to send you commission payments or disbursement requests.
| Disbursement Type | Paper Check Commissions | AlertPay/EcoCard | AlertPay/EcoCard |
| Amount Charged (in USD) | $1.00 | $1.00 if selected as a Commission Preference | $3.00 if disbursed from ClubAccount |
To determine what this fee is in currencies other than the USD - CLICK HERE
Glocal Income Business Building System Monthly Subscription - The Glocal Income Business Building System Monthly Subscription represents the monthly subscription fee. This amount is shown in the converted USD ($).
Glocal Income Business Building System Annual Renewal Fee - The Glocal Income Business Building System Annual Renewal Fee represents the charge for the annual subscription fee to your account billed at the beginning of the month of your membership anniversary.
Glocal Income Business Building System Partner Upgrade - The Glocal Income Business Building System Partner Upgrade amount reflects the one-time fee to begin the journey as a full-fledged Partner.
Report Fees - Report Fees are the charge for the activity report genealogy report fee that is charged once a month.
Charitable Donations - The Charitable Donations represent your donation to the particular charitable organization.
Accounting Action - The Accounting action is an action created by the accounting department for a particular request or issue that may have occurred.
Other Items - There may be other items that show on the account from time to time and have been explained previously within ClubShop Rewards. The descriptions of the fields will be self-explanatory.
