With InsurancePro, you can reconcile transactions on your commission statements. As you enter or download transactions in to InsurancePro, like New Business, Renewals, Cancellations, or Endorsements, InsurancePro automatically keeps track of the commission for you. When you receive your actual statement from the Insurance Company, you can create a statement from InsurancePro and tally the transactions. 

To Reconcile Commission, click on “Payments” from the Top Menu, and click on “Reconcile Commissions”. 

Then choose the dates that you want to list the transactions for, and choose the Insurance Company. Click on “Refresh”. InsurancePro will list all the transactions recorded for the company during the specified dates.

If a transaction does not match, or needs correction, you can simply click on the column and correct it. For example, if the commission needs to be changed from $37.40 to $35.80, click on the column to edit, then type it in, and press enter to save. You can also add new transactions if they are not listed at all in InsurancePro. If there are extra entries, you can delete them.

InsurancePro also has a "Paid" column for each transaction, so you can enter how much the Insurance Company paid, and indicate if any balance is due. The paid column defaults to the amount due by the Insurance Company. You can easily choose to change all transaction's paid value to $0.00, so you can manually enter the amount paid by the Insurance Company.

Through this feature, you can easily track any mistake made by the Insurance Company, and make sure that you get paid for every transaction. Once you have matched up the transactions, and made sure that everything is correct, you can hit the “Reconcile” button, and InsurancePro will confirm the changes.

Note: Once you have reconciled a statement, you cannot make changes to the transactions.