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Open Admin → Financials → Policy Financials. This Financials Configuration area has two vocabulary cards: Policy Line Items and Policy Invoice Types. Payment Defaults, Payee Defaults, and Classifications remain separate settings alongside them.

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What This Page Configures

A line item names a company-wide billing obligation, such as Premium or Broker Commission. An invoice type is a document that can carry that item. The same item can be allowed on several invoice types while keeping one identity and one account pair. A policy’s Billing Aggregate states the invoice type, line item, direction, and amount to bill. Each name must resolve to live configuration, the item must be allowed on that invoice type, and its direction must match. Pricing components and classifications do not supply invoice targets.

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Read and Edit States

Each card has its own Edit, Save, and Cancel controls. You can create an invoice type or line item before adding any associations. On Policy Line Items, choose Add allowed invoice type. On Policy Invoice Types, choose Add allowed line item. Both cards edit the same association. Unlink removes an association; it does not delete the item or its accounts. Some existing items must remain associated with their original invoice type. The unlink control explains when this applies. You can still add other invoice types or change the display label.

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Names and Directions

Without a display label, the document uses the item’s name. For example, one Broker Commission item can print as Broker Commission (Less) on Agency Bill and Broker Commission on Broker Commission Invoice. Names resolve Billing Aggregate lines. Renaming a name does not rewrite existing targets or rating rules; coordinate those changes before the next transaction. Pricing classifications remain separate and group price components into premium, taxes, or fees.

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Adding, Deprecating, and Restoring

Use Add line item or Add invoice type in the corresponding card. A line item requires a name and direction; associations can be added later. Deleting a line item deletes it globally, across its allowed invoice types. An invoice that has not been deleted—including a voided invoice—prevents renaming or deleting vocabulary it cites. Deprecation remains available, and Reactivate makes a deprecated entry available for new activity again. Deprecating a line item applies to every invoice type that carries it. An original invoice type cannot be deleted while its original items remain. Deprecate the type instead, or explicitly delete its unused global items first. Deprecating vocabulary still named by a Billing Aggregate can make the next transaction fail. Restore the vocabulary or update the target before continuing.

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Before Policy Billing Is Turned On

Policy Financials settings are available while invoicing is disabled. Pricing, earning, and validation of any stated Billing Aggregate still apply. Ordinary binding without invoices remains available for policies with no Billing Aggregate while invoicing is disabled. When invoicing is enabled, invoice generation and binding require a stated Billing Aggregate. A pricing-only policy needs a transaction that states its billing lines before it can be invoiced. Enabling invoicing does not create missing targets or correct vocabulary automatically. Configure event-side categories and line items under Event Invoice Types. Review generated policy accounts in the Chart of Accounts.