Owed to the carrier from the day it is invoiced

Premiums Payable And Sweeps

The agency owes the carrier transacted premium net of commission whether or not the insured ever pays, so the brokerage app posts that liability when the premium is billed, not when it is collected, and the trust ratio reads it from the ledger. The premiums payable register carries each amount owed with the gross premium, the levies collected with it and the commission retained, and ages it against that carrier's account current — days after the invoice, days after the month end, or a fixed day of the following month — never against the client's payment term. The gap between the two is the funding the agency carries itself, and the ageing is where it shows. The agency's own commission leaves the trust only through a sweep a second trust manager approves.

What is owed to each carrier

Gross premium, commission retained and net payable for each carrier, from 112 payables across seven carriers.

One payable, remitted

Recognised in January 2025 and due in March on the carrier's account current, with gross premium, levies, commission retained, net payable and what has been remitted.

The payables book

Insured, recognition date, account current due date, days overdue and ageing on every line, with filters for outstanding, overdue, over 90 days and premium financed. The policy column comes with Insurance Agency Management.

Sweeps to operating

Each month's commission moved out of client money, with the commission period it covers, the amount and its state — raised by one person, approved by another.