MGA Commission Accounting Software
Premium Accounting helps Managing General Agents manage commission accounting across producers, retail agencies, carriers, programs, policies, endorsements, audits, cancellations, and renewals through one insurance-native financial platform. Track earned commissions, commission payables, commission adjustments, return commissions, reconciliation, reporting, and policy-level accounting while continuing to use QuickBooks, Xero, Sage, Workday, or another supported accounting system as your general ledger.
See MGA Commission Accounting in Action
Watch how Premium Accounting helps MGAs calculate, manage, reconcile, and report commission activity across policies, agencies, producers, programs, and carriers.
Ready to modernize your agency accounting?
What Is MGA Commission Accounting?
Explain commission accounting for Managing General Agents and why insurance commissions are more complex than traditional sales commissions.
Cover:
- Producer commissions
- Retail agency commissions
- MGA commissions
- Carrier commissions
- Policy-level accounting
- Commission lifecycle
Learn more about Insurance Premium Accounting for MGAs.
Insurance Commission Accounting Built for MGAs
Discuss why commissions are affected by:
- New Business
- Renewals
- Endorsements
- Audits
- Cancellations
- Return Premium
- Installments
- Carrier Agreements
- Program Rules
Explain why spreadsheets become difficult to maintain as commission volume increases.
Calculate Commissions at the Policy Level
Cover
- Percentage Commissions
- Flat Commissions
- Premium-based Commissions
- Program-specific Commissions
- Producer-specific Commissions
- Agency-specific Commissions
- Carrier-specific Commissions
Explain why commissions should remain connected to the originating policy.
Manage Producer Commissions
Discuss
- Independent Producers
- Internal Producers
- Commission Schedules
- Producer Statements
- Producer Balances
- Commission History
Learn more about Insurance Accounting for MGAs.
Manage Retail Agency Commissions
Cover
- Retail Agency Commissions
- Agency Payable
- Commission Statements
- Outstanding Balances
- Payment History
- Commission Reporting
Track MGA Revenue
Explain how Premium Accounting helps distinguish:
- Gross Premium
- Net Premium
- MGA Revenue
- Commission Income
- Fees
- Carrier Obligations
Discuss financial visibility.
Handle Commission Adjustments
Discuss adjustments caused by:
- Endorsements
- Audits
- Additional Premium
- Return Premium
- Cancellations
- Policy Rewrites
- Carrier Corrections
Explain maintaining complete commission history.
Manage Return Commissions
Explain
- Unearned Commissions
- Return Commissions
- Commission Reversals
- Adjustment History
- Financial Impact
Commission Accounting for Installment Billing
Discuss
- Initial Commissions
- Installment Commissions
- Deferred Commissions
- Earned Commissions
- Outstanding Commission Balances
Learn more about MGA Billing Software.
Commission Reconciliation
Cover
- Producer Reconciliation
- Agency Reconciliation
- Carrier Reconciliation
- Statement Reconciliation
- Outstanding Balances
- Financial Exceptions
Learn more about Commission Reconciliation Checklist.
Connect Commission Accounting with Trust Accounting
Explain relationship between:
- Premium Collected
- Trust Balances
- Commission Earned
- Commission Payable
- Carrier Obligations
Learn more about MGA Trust Accounting Software.
Connect Commission Accounting with Carrier Settlements
Discuss
- Carrier Payable
- Settlement Preparation
- Settlement Review
- Commission Deductions
- Carrier Reporting
Commission Reporting
Include reporting by:
- Producer
- Agency
- Carrier
- Program
- Policy
- Line of Business
- State
- Accounting Period
Discuss commission profitability analysis.
General Ledger Integration
Explain Premium Accounting serves as the insurance commission accounting subledger while supported accounting systems remain the general ledger.
Learn more about QuickBooks,Xero , Sage, Workday, and General Ledger Integration.
Support Growing MGA Distribution Networks
Discuss supporting:
- More Agencies
- More Producers
- More Carriers
- More Programs
- Higher Commission Volume
- Multiple Commission Structures
Explain reducing manual commission administration.
Manual Commission Tracking vs. MGA Commission Accounting Software
| Manual Commission Tracking | Premium Accounting |
|---|---|
| Spreadsheet commission calculations | Connected policy-level commission accounting |
| Manual producer balances | Real-time producer commission tracking |
| Agency commissions managed separately | Centralized agency commission management |
| Manual commission adjustments | Complete commission adjustment history |
| Return commissions tracked manually | Return commissions linked to policy transactions |
| Limited commission reporting | Reporting by producer, agency, carrier, program, and policy |
| Manual reconciliation | Continuous commission reconciliation |
| Limited audit visibility | Complete audit history and transaction traceability |
| Weak financial controls | Approval workflows and accounting controls |
| Difficult to scale | Enterprise commission accounting built for MGAs |
Premium Accounting centralizes commission accounting throughout the insurance lifecycle. Producer commissions, agency commissions, carrier commissions, adjustments, return commissions, settlements, and reconciliation remain connected to the underlying policy, eliminating spreadsheet-driven commission administration while improving financial visibility.
MGA Commission Accounting Software at a Glance
Premium Accounting helps Managing General Agents calculate, track, reconcile, adjust, report, and analyze commissions across producers, agencies, carriers, insurance programs, and policies through one insurance-native financial platform. Commission activity remains connected to premium accounting, billing, trust accounting, settlements, and reconciliation, providing complete financial visibility while reducing manual administration and supporting enterprise growth.
Modernize Commission Accounting for Your MGA
Explain how Premium Accounting replaces spreadsheets with insurance-native commission accounting connected to billing, premium accounting, trust accounting, settlements, reconciliation, and financial reporting.