ATTENTION INSURANCE AGENTS:
Ready to Transform Your Financial Management?
Partner with Blue Granite Bookkeeping to streamline your insurance agency's financial management and grow your agency with confidence.
Insurance Agency Bookkeeping Solutions Tailored for Growth
Blue Granite Bookkeeping specializes in insurance agency bookkeeping by leveraging expertise in commission tracking, precise management of premiums and claims, and meticulous adherence to regulatory compliance. With a dedicated focus on handling client trust accounting and ensuring accurate financial reporting,
Blue Granite Bookkeeping provides tailored solutions that meet the unique needs of insurance agencies. Our commitment to detail-oriented service ensures that all financial transactions are accurately recorded and reported, fostering trust and compliance within the insurance industry.
- Commission Tracking - Insurance agencies often deal with commissions from various policies. Bookkeeping needs to accurately track these commissions, including split commissions between agents and agencies.
- Premiums and Claims - Managing premiums collected and claims processed requires precise tracking and reconciliation. Unlike standard retail transactions, premiums may be collected over time or in installments, and claims processing involves multiple financial transactions
- Regulatory Compliance - Insurance agencies must adhere to specific regulatory requirements, such as reporting to state insurance departments and maintaining compliance with insurance laws. This adds complexity to bookkeeping practices compared to businesses in less regulated industries.
- Client Trust Accounting - Handling client funds and trust accounts is common in insurance agencies, where funds are often held in escrow for future premium payments or claims. Bookkeeping must ensure these funds are properly managed and accounted for separately from the agency's operating funds
Schedule A Consultation
Please reach out to schedule a free consultation. During this relaxed meeting, we’ll find out what’s important to you and how we can help. We look forward to meeting you.