All funds recovered on our clients’ accounts are immediately put in to a trust where they clear the escrow process. Funds are remitted on the 20th of every month and include a detailed accounting of what was paid to IRG and what was paid to you.
Select your remittance
At IRG we recognize that every company accounts for money in a different way. You may choose from a "Net" remittance or a "Split" remittance program.
Net Remittance This is the most commonly used and most popular format for our clients. Checks will arrive with a breakdown of what was paid directly to IRG and what was paid to you. The detailed accounting will break down the fees and "net" the difference in the form of a check that reduces accounting expenses for our clients. In the event that more funds are received by you, an invoice would be generated with the same, detailed information.
Split Remittance At some companies, deducting commissions from accounts paid directly to our clients wreaks havoc on the accounting system. In these cases, a separate invoice will be sent to you for the funds received directly from your debtors. In addition, you will receive a check from IRG with detailed information on the amount received and the deductions made for commissions.
You choose what is right for you.