Why can two commission reports show different totals?

EvenPenny producer statements follow collected commissions on a cash basis. A production or billing report measures different activity; compare the same collection period, adjustments, and prior payouts.

What should appear beside an adjustment?

Keep the affected transaction, reason, period, and amount together so the statement explains the change.

Where do producer rates and timing come from?

The agency’s producer agreements establish the commission base, share, and payout timing. EvenPenny statements use collected commissions on a cash basis.

BUILT AROUND AGENCY-BILL WORK

Producer commission statements for insurance agencies

Give each producer a cash-basis statement with an explanation behind the number. EvenPenny connects collected commissions, producer shares, adjustments, and prior payouts in one review.

How it works

EvenPenny organizes commission-bearing AMS360 transactions by producer and period. You see the records behind the statement.
EvenPenny places the commission base and the configured producer share beside each transaction. You see how the amount is calculated.
EvenPenny places the commission base and the configured producer share beside each transaction. You see how the amount is calculated.
EvenPenny brings collected commission activity into the review. You see the cash-basis amounts included in the producer statement.
EvenPenny brings collected commission activity into the review. You see the cash-basis amounts included in the producer statement.
EvenPenny applies the recorded adjustments and prior payouts to the period view. You see the remaining producer amount with the changes explained.
EvenPenny assembles the producer statement from that detail. You get the period total and the transaction-level explanation to share.

Your agency sets the producer agreement rules, decides exceptions, approves the statement, and sends the payout.

Follow the amounts

Sample data.
Statement line	Amount
Current eligible commissions	$420
Prior-period adjustment	+$90
Prior payout	($60)
Remaining producer amount	$450

What your team gets

Producer-level statements with transaction detail.
A visible commission base and producer share on a cash basis.
Adjustments and prior payouts beside the period amount.

Cash-basis statements

Producer statements follow collected commissions on a cash basis. Compare the same collection period, producer share, adjustments, and prior payouts when reviewing the total.

Start with the reports you already use

Runs on exports from Vertafore AMS360.

Running Applied Epic, HawkSoft, or EZLynx? Send us a sample export and we'll tell you what it takes.

Common questions

Why can two commission reports show different totals?: EvenPenny producer statements follow collected commissions on a cash basis. A production or billing report measures different activity; compare the same collection period, adjustments, and prior payouts.
What should appear beside an adjustment?: Keep the affected transaction, reason, period, and amount together so the statement explains the change.
Where do producer rates and timing come from?: The agency’s producer agreements establish the commission base, share, and payout timing. EvenPenny statements use collected commissions on a cash basis.