Bookkeeping for insurance agencies
Carrier commission statements reconciled, producer splits calculated, and agency and premium trust accounts kept separate, with the month closed by the 10th.
Commission reconciliation
Carrier statements matched to deposits each month, with missing or short commissions flagged.
Producer splits
Producer and sub-agent commissions calculated and ready for payout.
Premium trust accounts
Premium funds kept separate from agency operating cash and reconciled monthly.
Monthly close
Reconciliations and an owner summary by the 10th.
What we handle each month
- Carrier statement to bank deposit matching
- Producer commission schedules
- Premium trust and operating account reconciliations
- Payroll and marketing cost tracking
- Monthly P&L by line of business
- Year-end package for your CPA
Common questions
Captive or independent?
Both. Captive agents (State Farm, Allstate, Farmers) and independent agencies.
Do you work with agency management systems?
We use exports from systems like Applied Epic, HawkSoft or EZLynx and keep the books in QuickBooks.
What does it cost?
Fixed monthly pricing based on carriers, producers and transaction volume.
Get your books closed by the 10th
Email Kapil with your software, rough monthly transaction count and whether your books are current. You'll get a reply within one US business day with times for a 15-minute call and a starting quote.
kapil@closewisefinancial.comFree bookkeeping health check
Tell us a little about your books. Kapil will review your setup and reply within one US business day with what needs fixing and a fixed monthly quote. No obligation.
Prefer email? Write to kapil@closewisefinancial.com.