An issued statement is a document, not a report

Payout Runs And Statements

Producers dispute their pay, and that decides what this module is. A payout run records which producers were in it, on what basis, which statements it produced and which were held and why. Once a statement is issued its amounts, period, lines and opening balance are frozen; a correction is version 2, and version 1 stays exactly as the producer received it. The statement then becomes a vendor bill and joins the ordinary payment run and bank reconciliation.

One payout run

The period, the payout date and the producers in scope, then every statement it produced with commission earned, chargebacks, withholding tax, net payable and any carry forward.

193 producer statements

Version, producer, period, commission earned, chargebacks, withholding, net payable and state — issued can no longer change, paid has been settled.

Grouped by producer

What each person has been paid across the year — the answer to "how much did we pay them" without a spreadsheet.

The lines behind the money

Premium, agency commission, production credit, rate and amount copied onto each line when it is built, so an issued statement stays reproducible even if its source is corrected later.