Accounting and Commission Automation for Multi-Carrier MGAs in Texas
If you’re running a multi-carrier MGA in Texas, chances are your accounting and commissions workflow looks like this:
- Multiple carrier commission structures
- Split payments across brokers, sub-agents, and producers
- Midterm premium changes with no automation
- Manual spreadsheets and QuickBooks exports
- Too many journal entries. Not enough clarity.
Sound familiar?
Texas MGAs handling Workers’ Comp, GL, Auto, and E&S programs are struggling with disconnected systems. That’s why more of them are adopting Expert Insured-a policy admin system (PAS) and agency management system (AMS) with built-in accounting and commission logic.
Why Texas MGAs Face Accounting Complexity
Texas isn’t just big in geography-it’s big in distribution layers. Most MGAs are working with:
- Dozens (or hundreds) of retail agents
- Multiple carriers, each with different reporting and remittance schedules
- Agency bill and direct bill books
- LOBs with different commission splits
Some carriers pay net of fees, others pay gross and reconcile later. Some want weekly reports, others monthly bordereaux. Without a smart AMS, your accounting and commissions will always lag behind.
The Pitfalls of Disconnected Systems
- Manual entry = manual errors
- Finance teams rely on underwriting staff for numbers
- Reconciliation takes days-if it happens at all
- Sub-agent splits get missed or misapplied
- There’s no single source of truth for earned vs. collected
You can’t scale an MGA like that. And you shouldn’t have to.
What Expert Insured Does Differently
Expert Insured is a true MGA operating system-with quoting, policy management, endorsements, and fully integrated accounting and commissions.
Commission Engine (Multi-Layer)
- Supports splits by LOB, carrier, agent, and percentage
- Calculates on written premium, earned premium, or flat fee
- Handles overrides and special commissions automatically
Automated General Ledger (GL) Posting
- Posts all transactions to the integrated GL
- Handles endorsement adjustments and cancellations
- Tracks receivables by agent, carrier, and LOB
Bordereaux + Statement Generation
- Generates carrier and agent statements by cycle
- Customizes reporting by carrier remittance type
- Supports both direct and agency bill workflows
Payment and Reconciliation Tools
- Tracks partials, offsets, and unapplied payments
- Exports to external systems if needed (Xero, QBO, etc.)
- Reconciles balances across agents, sub-agents, and carriers
Use Case: Houston MGA Running Multiple Carrier Programs
Problem:
This MGA worked with 6 carriers and over 200 retail agents. Commissions were being tracked in spreadsheets. Every quarter, finance and underwriting teams manually rebuilt agent statements and hoped they matched carrier totals.
Solution:
- Expert Insured’s commission engine automated all splits
- Carrier statements were loaded directly into the platform
- Accounting team tracked AR, AP, and GL in one interface
Result:
- Cut commission processing time by 75%
- Reduced reconciliation errors to near zero
- Carrier audits became plug-and-play
Texas MGAs looking to grow without growing their back office are moving to Expert Insured. Learn more about our Texas MGA accounting and commission-ready AMS or explore full platform specs on the main Expert Insured platform page.
FAQs
Can Expert Insured handle agency bill and direct bill?
Yes. You can configure workflows by carrier, by program, or both.
Can I define custom commission rules?
Absolutely. Flat fees, splits, overrides, and tiered commissions are all supported.
Does it support export to external accounting systems?
Yes. You can export journal entries and payments to QuickBooks, Xero, or custom systems.
How does it handle midterm changes?
All endorsement adjustments are recalculated and posted automatically, including commissions and earned premium.
Will this work for our 3-LOB, 5-carrier MGA setup?
Yes. You can start with one LOB and scale. The system is built for multi-carrier complexity.
If you’re building spreadsheets instead of statements, you’re behind.
Expert Insured gives Texas MGAs a clear path to growth-with real accounting and commission automation.
Start your accounting pilot now. Go live with one LOB in 60 days.
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