Broker accounting series · Guide 5
Trail, clawbacks, fees
and broker records.
A broker’s bank deposit may combine multiple commission streams and deductions. A monthly reconciliation should explain every component and preserve the source statement.
Monthly discipline
Make every net payment
explainable.
Record gross upfront and trail commission separately from clawbacks, aggregator or licensing fees, referral payments, bonuses and other adjustments. Match the total to the bank receipt and investigate differences promptly.
Use consistent account names and GST treatment, attach the source statement and keep notes for unusual adjustments. Review outstanding clawback exposure and cash-flow implications rather than treating every receipt as immediately available profit.
Import
Bring the complete aggregator statement into the accounting workflow—not just the bank total.
Reconcile
Map each statement line to a consistent account and confirm that components equal the deposit.
Review
Compare monthly movements, investigate anomalies and retain evidence for year-end work.
General information only
Better records make
better advice possible.
Demeter can help design a repeatable reconciliation suited to your aggregator and accounting system.