Commission Processing and Reporting Overview
The following articles cover reports and workflows for managing commission data in HawkSoft. Learn how to track reconciled commissions, process agent payouts, and identify missing commission transactions.
Agency Reconciled Commission Reports
Agency Commission Reports enable you to track your reconciled agency commission transactions based on the Reconcile Date, the Reporting Date, the Statement Date, or the Transaction Date. From there, you can break down these date-based reports further, such as by client or agent, using report summaries and filters to get the granular reports you may need.
This article explains how to run a report to review your reconciled agency commission transactions.
Commission Reports
HawkSoft comes with a variety of Commission Reports to help you measure the status and health of your agency. This includes reports on agency commission, agent paid commission, and commission by policy. The data is displayed in a table, with flexible display options, making it easy for you to show only the data you need. This article covers how to run and work with commission reports, and lists which types of commission reports are available to be generated.
Agent Commission Payout
Once you have reconciled your commission statements, you can create an Agent Payout List in HawkSoft. This enables you to create a list of each agent's reconciled commission transactions within a specified date range, either for selected carriers or for all carriers. You can then select any or all of the transactions on this list to be paid out. A summary at the end of the process provides total values per agent for the completed payout, to make it easy to write those checks.The selected transactions are marked as paid on the agent paid statement and agent paid report, and they do not show on future agent payouts.
This article explains how to perform an Agent Payout in HawkSoft.
Agent Commission Paid Report
Agent Commission Paid Reports enable you to track your paid agency commission transactions based on the Reporting Date, the Agent Paid Date, the Reconcile Date, the Statement Date, or the Transaction Date. From there, you can break down these date-based reports further, such as by agent or carrier, using report summaries and filters to get the granular reports you may need.
This article explains how to locate and run an Agent Commission Paid report.
Agent Paid Statements
After reconciling your commission statements and paying your agents, HawkSoft enables you to create Agent Paid Statements. These statements provide the total commissions that have been paid out for each agent within a specific date range. The statements are further broken down by carrier, providing you with details about which carriers your agents are receiving more or less commissions from.
After creating the Agent Paid Statements, you can export them as a batch of CSV files, which can be emailed and opened in Excel or similar spreadsheet software. You can also create PDFs of agent paid statements to print or share..
This article explains how to create Agent Paid Statements, export agent paid statements to CSV files, and print individual agent paid statements to either your printer or a PDF file.
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