The Nowcerts commission reconciliations module allows users to mark hundreds of commissions as paid within seconds. Here is a quick overview of the process:

1. Find the "Miscellaneous" tab and expand it downward. Then, find the "Accounting Items" tab and expand that downward as well. Click on "Reconciliations". First, the idea is to reconcile agency commission, so then you can pay agents/producers (from funds received by the agency).

2. First, lets "reconcile" agency commissions, meaning apply received payments to expected agency commission amounts. So, from the drop-down menu, select "Manually Reconcile Agency Commissions".3. Use the filters to select a certain set of transactions. Typically, agencies use endorsement dates and a carrier/MGA to reconcile a statement they received.Example:Select the records you want to reconcile (to apply a received commission payment). Make sure you verify the suggested amount and the payment date. Then, from "Actions" select "Reconcile." Selecting "Create new statement" will also reconcile the selected commissions.

That's it. You now have the potential to apply payments to thousands of agency commissions in mere minutes.