1099 reconciliation

At tax time, the question is simple: does each carrier’s 1099 match what they actually paid me? CommissionSight answers it from the statements you’ve already loaded. Open it from the account menu (top-right) → 1099 reconciliation.

Note

1099 reconciliation is enabled per account and is off by default — it’s only meaningful once you’ve loaded a complete tax year, so ask us to turn it on when your book is ready.

How it works

1. Pick a tax year.
2. For each carrier, CommissionSight tallies the commission they actually paid you across that calendar year:
   • Paid (net) — total commission net of chargebacks. This is the figure that should line up with the 1099, since carriers report net of clawbacks.
   • Paid (gross) and chargebacks — the two halves behind the net, so you can see how much was clawed back.
   • Periods covered — how many months of that year you’ve loaded (your sanity check that the tally is complete).
3. Enter the amount from each carrier’s 1099 box. CommissionSight shows the variance — the difference between what the carrier reported and what your statements say they paid.

Reading the variance

• A small variance is normal — rounding, or a payment that landed in a different period than the coverage month.
• A large variance usually means one of two things:
  • A missing month — the tally only reflects statements you’ve loaded, so a gap reads low. Load the full year before trusting the number (watch periods covered).
  • A carrier reporting error — if your statements are complete and the 1099 still disagrees, that’s a conversation to have with the carrier, with the month-by-month detail to back it up.

Tip

Load all twelve months for each carrier before reconciling. The tally is only as complete as the statements behind it — periods covered tells you when you’re there.

Everything is computed from your own loaded statements; nothing is sent anywhere or stored for this view.