Carrier commission in.
Producer splits out in one batch
Pinecrest Insurance Agency is appointed with three carriers and pays five producers on commission, with an operations lead, an account manager and an outside accountant.
- Granite MutualRule: 7,360 to set aside$18,400.00
- Northstar CasualtyRule: 4,500 to set aside$11,250.00
- Copper Ridge LifeRule: 2,680 to set aside$6,700.00
Money
What waits for a signature, what cleared, and what went out.
- Transactions
- Accounts
- To pay
- Payments
- Cards
- Debts
- Waiting for you$14,5401 payment
- Waiting for others0 payments
- Went out$14,120September's split, Oct 6
All payments2
AskOver $5,000 needs one signature
- Producer commissions · October5 payouts · Derek prepared it · waits for Gloria14,540.00 USDPendingSign
- Producer commissions · September4 payouts · Oct 614,120.00 USDExecuted
Payments: October's producer split, five payouts with the carrier each was earned on, waiting for the principal's signature.
Commission in from every carrier, the producers' share named
Each carrier's deposit on its own line, the producers' share named the moment it lands where arrival rules are switched on, and the month's split paid in one batch.
Transactions in depth →Money
Every movement on your accounts, and what it adds up to.
- Transactions
- Accounts
- To pay
- Payments
- Cards
- Debts
- Commission in, October$36,3503 carriers
- Set aside for producers$14,540moved Nov 3
- Without a receipt2 rowsAsked of whoever paid
Ledger
AskArrival rules switched on: forty per cent of each carrier's deposit is the producers' share
- All
- Income
- Spending
- Transfers
| Payee | Amount |
|---|---|
| Granite MutualRule spoke: 7,360 to set aside | +18,400.00 USD |
| Northstar CasualtyRule spoke: 4,500 to set aside | +11,250.00 USD |
| Copper Ridge LifeRule spoke: 2,680 to set aside | +6,700.00 USD |
| Operating to Producer commissionsTransfer | 14,540.00 USD |
Granite Mutual paid 18,400 on the second, Northstar 11,250, Copper Ridge 6,700. Which carrier carries the agency, and how much of each deposit is the producers' share?
Tasha GreeneGranite Mutual and Northstar Casualty · Mercury · Producer commissions4,600 USD○ Gloria
SignAmendReject
Producers paid in one batch from the account their share was set aside on, each payout with the carriers it was earned on.
A growing book of producers, its bills and the month
A new producer checked by name before the first payout, lead and software bills on a budget, and October closed for the accountant.
Payments and batches in depth →Papers and payees
Everyone you pay and everyone who pays you, in one book.
- Contacts
- Invoices
- Proposals
- Pay links
- Documents
- All
- Businesses
- People
- Trusted
| Payee | Status |
|---|---|
| Jordan Blake | Standard |
| Tasha Greene | Trusted |
| Granite Mutual | Standard |
| Fieldstone Leads | Standard |
Jordan Blake joined in October and earns a first split this month. Is the person behind the name clean, did the bank account come from Jordan rather than from a mail, and who may see what?
🎯 Fieldstone Leads84%Inside
💻 Software64%Inside
📣 Marketing63%Inside
Bills read off their paper and checked for a second copy, a limit on the lead vendor of its own.
Ready to close · 4 of 6
- ✓Every row has a categorydone
- ✓Every category and account has a codedone
- ✓No payment waits for a quorumdone
- ○Every expense has a receiptwon't block closing2 card charges without a receipt
- ✓Bills of the month are paiddone
- ○Invoices of the month are paidNo invoices this month
A closing checklist with a door into each list: rows without a category, rows without an account code, rows without paper, payments without a quorum, and every invoice still unpaid at the close.
The assistant
Ask it how much of the agency rests on one carrier
Commission from three carriers lands on one book: the composer counts what actually arrived over twelve months, not what was promised. The assistant in full →
- Reading twelve months of commission
- Grouping it by carrier
Granite Mutual is 49% of the commission that arrived in twelve months, two carriers make up 80%, and a month without Granite loses about 15,600.
What it takes on
- How much hangs on one client
- The largest client's share over twelve months, how many clients make up 80%, and what a month loses if the largest leaves.
- The week's payments
- The signing queue, the calendar and the forecast as one order: which of the nine fit this week and which two are marked move, with the day money is next expected.
- A payee out of pattern
- A payment that does not match the history of that payee and amount, on any rail, not only crypto. It explains and never blocks.
Connections
Carriers pay your bank,
producers are paid from it
The bank feed reads the deposits from every carrier and the set-aside account, producers are paid from your own Mercury or Airwallex, bills come by mail, and the month leaves for QuickBooks or Xero.
- Plaid
- Mercury
- Airwallex
- Gmail
- QuickBooks
- Xero
- Slack
Who does what
Three people in the office,
five producers on the book
- PrincipalSigns the producers' split, reads which carrier carries the agency, and confirms changed bank details by phone.
- OperationsMoves the producers' share when the arrival rule names it (where arrival rules are switched on), prepares the split, checks new producers, and closes the month.
- Account managerRuns the lead and marketing card inside its limit, and sends the receipts.
- AccountantGets commission by carrier and the splits on their own lines, and reads the closed period without changing it.
Control and trust
A producer is paid only where they asked to be
- Checked by name
- A new producer is screened against sanctions and the other lists before the first payout, and the verdict sits on the card.
- Their own details
- A producer types their bank account on a link of their own, and a changed account is held until a second person confirms it by phone.
- You sign the mandate
- You sign the line above which a payout waits for a signature, and what the lead card may spend. The monthly split crosses that line, so it waits for the principal; a changed bank account waits for a phone call, and a payout out of pattern is named under it before anyone signs.
- Prepared by one, signed by another
- The monthly split is over the threshold, so it waits for a signature, and never from the person who prepared it.
Getting started
Your first hour,
in three steps
Start free with an email: no card, no time limit, nothing to install.
- A space for the companySign up, and the company gets a space of its own, apart from anything personal. The free plan includes one business space.
- One account, and the first rowsConnect one bank, exchange or platform, or drop in a statement in any language. The first rows land in minutes, each with its category.
- One real billDrop in a supplier bill's PDF, and watch it become a bill to pay with its supplier, amount and due date.
All it takes: an email and one bill.
Questions
The questions that come first
Does Orla hold or account for our clients' premiums?
No. Premiums a client pays toward a policy often sit in a separate account with rules of their own, and Orla does not keep or account for that money. It keeps the agency's own: commission in, producers and suppliers out, and the month for the accountant.
Can the producers' share be worked out as commission arrives?
Where arrival rules are switched on for the space, an arrival rule speaks the moment a carrier's deposit reaches the book and names the share to set aside and the account it goes to. It moves nothing by itself: you move the money in your bank, and the transfer is recorded as a move between your own accounts.
Do producers need a seat?
No. A producer is a contact with a bank account on file. Only the people who prepare, sign or read the books take a seat.
Is a new producer checked before they are paid?
A counterparty check on their card screens them by name against sanctions, politically exposed persons, criminal lists and adverse media, and confirms a company number in its registry. It spends one check, and the verdict stays on the card with its date.
Write your first mandate
on a thirty minute call
On your own books: one position, one rule, and the first bill waiting for your button.