Understanding Commission Reconciliation and Reports in Momentum AMS

Step 1: Reconciling Agency Commissions (Carrier → Agency)

This is where you confirm what the agency has received from carriers.

• Why it matters: Until reconciled, commissions are just “expected.” Reconciliation ties them to actual deposits.

• Ways to reconcile:

  • Carrier Download → How to Reconcile Agency Commissions from Carrier Downloads

  • Data Import → How to Import Agency Commissions via CSV

  • Manual → How to Enter Agency Commissions Manually

✅ Once agency commissions are reconciled, the system knows the agency has been paid.

Step 2: Reconciling Agent Commissions (Agency → Producers/CSRs)

This is where you manage what’s owed to your agents/CSRs.

• Rules Required: Agent commissions can only be generated if Agent Commission Rules (splits, percentages, fees) are in place.

• Process:

  1. Ensure commission rules are configured in Agent Commission Settings.

  2. Once agency commissions are reconciled, the system generates agent commissions based on those rules.

  3. Reconcile agent commissions to finalize what each agent is owed.

  4. Run reports for payroll or payouts.

?See: How to Configure and Reconcile Agent Commissions

Step 3: Running Commission Reports (via Statements)

Once reconciliation is complete, you’ll use Commission Statements to view accurate totals:

• Agency Statements → Found under
  Miscellaneous → Accounting Items → Agency Statements

  • Shows agency-wide totals.

  • Can filter by Carrier or MGA

  • Export to Excel for accounting or print PDF.

• Agent Statements → Found under
  Miscellaneous → Accounting Items → Agent Statements

  • Shows commission totals owed to individual agents.

  • Also available directly in an Agent’s Profile → Details → Statements tab.

  • Filter by agent, CSR, business type, or date range.

  • Export for payroll or print PDF.

Key Takeaways

• Agency Commissions = Carriers pay your agency. Must be reconciled (download, CSV, or manual).

• Agent Commissions = Agency pays producers/CSRs. Must be reconciled after rules are in place.

• Reports = Only accurate after reconciliation is complete.