Insurance Agency Accounting and Bookkeeping Services
Accounting and bookkeeping for insurance agencies is different from many other businesses. Your average bookkeeper may not understand the agency management system you utilize, and many agencies don’t have the luxury of employing an in-house finance department. At Insuserve-1, we know insurance agencies inside and out and we have in-depth knowledge of a wide variety of agency management systems. Choose a more cost-effective option and let us be your finance department.
Statement Reconciliation
The critical task of statement reconciliation is time-consuming and detail oriented. Agency staff have many demands on their time and may find it difficult to focus. When their attention is divided, the risk of mistakes increases. Utilizing a Virtual Assistant to handle monthly commission and direct bill statement reconciliations increases efficiency and reduces costly errors.
Accounts Payable and Accounts Receivable
We process checks on your schedule, and we’ll follow up to make sure you’re paid on time. Don’t take valuable time out of your day to issue a rush check, just reach out to your Virtual Assistant and we’ll take care of it for you.
Payroll Processing
Processing payroll requires attention to detail and accuracy, and a full understanding of the procedure. You can delegate this process to our expert Virtual Assistant’s and have the peace of mind that it’s being done correctly.
Report Generation
Keep track of the health of your business with regular reports. Have them tailored to meet your needs, and skip doing it yourself by utilizing our Virtual Assistants.
Payment Tracking
Effective payment tracking is essential for insurance agencies to manage their finances. Optimize your cash flow, track revenue and expenses, and make informed business decisions by utilizing Insuserve-1’s Virtual Assistants.
Endorsement Processing
Mid-term changes on direct bill policies inevitably result in premium charges or refunds. You can ensure the timely processing of endorsement bills and credits by delegating this task to a Virtual Assistant. Insuserve-1 will handle it quickly and correctly so you don’t have to.
