The Broker Account screen includes a register of activity on the Broker Account with dated entries for individual charges, refunds, adjustments, and payments. Charges are applied once per month, if applicable, as a net charge (or credit) of all stamping fee activity accumulated during the course of the prior month for the Broker Location.

The Broker Account screen presents current details for the Broker Location’s account. All refunds, adjustments, and paper-check payments are reflected on the Broker Account immediately after being processed by the SLA. Electronic payments made via SLIP are reflected immediately after submission by the user.

The Broker Location will receive both a Statement and a Monthly Transaction Report (MTR) for each month that a Broker Account includes activity or has a non-zero balance. To access the Broker Account documents, click the arrow to expand a Charge Transaction Type entry, then click the link for either the Statement or MTR. The documents are further explained below:

• Statement: Displays the Broker Location’s outstanding balance at the beginning of the billing period, any account activity as reflected on the Broker Account screen, and the new outstanding balance. If paying by check a copy of the Statement must be included. The Statement contains instructions for submitting checks via postal mail to the SLA.
• MTR: Outlines the itemized components that make up the monthly charge for the billing period, including the specific transactions correlating to stamping fees and/or corrections. The itemized detail found on the MTR is not visible on the Broker Account screen, but users can access both the Statement and MTR corresponding to each monthly charge.
• Submission Detail Report: Provides detailed information on each registered transaction, grouped by submission, for a specified Broker in a specified month/year.

Users who make payments electronically through SLIP have the option of paying via a one-time credit card or ACH draft on the Pay Stamping Fee screen, or automatic scheduled ACH drafts via the Automatic Payment Manager screen. Because SLIP now issues a monthly statement with a total outstanding balance, users are no longer required to match a specific electronic payment with a specific invoice.

When making a payment, users are presented with the current total outstanding balance for their Broker Location by default, but may alter the payment amount as desired. A user may also pay other Broker Locations with outstanding balances with a single payment; SLIP allocates the single payment to the appropriate Broker Accounts as directed by the user.