Guides · Written by the team building Lapidar
Reconciling carrier commission statements, in plain English.
For owners and office managers of independent P&C agencies who check commissions by hand, or mean to. Every figure is labeled example data.
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What to check when reconciling carrier commission statements, and why it’s hard
What a careful reconciliation has to check, line by line, and why doing it across every carrier, every month, takes so many hours.
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Direct bill vs agency bill commissions: what to check on each statement
Who bills the insured decides which way the money flows, and that changes what can go wrong on the statement. A checklist for each.
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Why carrier commission statements don’t match your agency management system
Most differences between a statement and your book have an ordinary cause. Here are the usual ones, and how to tell them apart from money you’re actually owed.
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Commission chargebacks explained: when carriers take commissions back
A negative line on a commission statement is the carrier taking money back. Usually for a good reason. Here’s how to tell when it isn’t.
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Missing commissions on renewals: how to spot them
A renewal that isn’t paid doesn’t leave a mark on the statement. The only way to see it is to start from your book and look for each renewal in turn.
Checking statements takes hours every month.
Every carrier formats its statements differently, and the lines rarely match your records on the first pass. Lapidar is in development. It will check each statement line by line against your book and flag missing, underpaid and paid-twice commissions. Join the early-access list and we’ll write once, when the first agencies can upload their statements.
One email when we open. Nothing else.