Insurance Agency

Comprehensive Operational Support for Insurance Agencies

Managing an insurance agency involves tasks like quoting, binding, policy issuance, claims processing, and financial reconciliation. At FinAcct Solutions, we provide specialized support tailored to insurance agencies. Our team handles quoting, policy management, commission reconciliations, invoice processing, customer service, and claims servicing, ensuring accuracy, efficiency, and streamlined operations.

Request a Free Call

OUR SERVICES

Let Us Handle the Numbers, So You Can Grow Your Agency

Accounting Support

Daily Sales Performance
Fixed Asset Tracking
Statements of Cash Flows
Profit & Loss Statements
Balance Sheet Reporting
KPI Reporting

Bookkeeping

Premium Reconciliations
Suspense Clearing
AP Management & Payments
AR Management & Invoicing
Chargebacks

Financial Management

Period-End Reviews
Accounting Oversight
Fractional CFO Services
Operational Reviews
Audit Prep
NAIC-Compliant Reporting

Payroll Management

Time Tracking
Payroll Processing
Commissions Tracking
W2/1099 Preparation

Insurance Back Office

Commission Reconciliations
Underwriting Support
Policy Cancellation Support
Agent Setup & License Processing
Helpdesk Support (Chat/Email)

WHY CHOOSE FINACCT SOLUTIONS?

Optimize your Agency's Back-Office

Industry Expertise

We bring best practices from the insurance industry to all of our clients, helping them navigate the complexities of the industry.

Technology-Driven Solutions

We leverage the latest accounting technologies to automate processes, reduce errors, and provide real-time financial insights.

Cost Savings

Outsourcing your accounting needs to FinAcct Solutions typically saves 40-50% compared to hiring in-house staff.

Strategic Partnership

We are more than just accountants; we are your strategic partners, helping you navigate the financial landscape and achieve long-term success.

How Collaborating with Us Can Benefit You

With Our Insurance Agency Accounting Solutions: You Can

Simplifying : Accounting and Commission

Partner with FinAcct for precise insurance commission and accounting services. We handle accurate calculations and allowing agencies to focus on growth and enhanced efficiency and transparency.

Maximize efficiency & profit by reducing costs

Partner with FinAcct to cut costs, boost efficiency. Our expertise in commission and accounting lets you focus on core activities while benefiting from streamlined operations and scalable support.

Timely commission payouts and reporting

FinAcct guarantees timely commission payouts and accurate reporting by ensuring precise, calculations and transparent financial insights for better decision-making.

Getting Started

Effortlessly Transition to Expert Financial Management with Seamless Onboarding

Our 3-step onboarding: Dive into details, transition smoothly, and launch with confidence!

Step 1 : Assessment

We begin by thoroughly understanding your accounting needs and business objectives. Our team will assess the current state of your finance and accounting functions—including people, processes, and technology—against your stated objectives and goals. Based on this assessment, we create a detailed roadmap to bridge the gaps and set you on the path to success.

Step 2 : Transition

Our dedicated Account Manager will schedule a meeting to ensure a smooth accounting transition and efficient handover. We document the closing calendar, establish standard operating procedures (SOPs), and provide additional resources and management oversight to ensure that your books are closed on time and accurately.

Step 3 : Go Live

Once everything is in place, we drive meaningful business value by implementing best practices designed to control costs, mitigate risks, and maximize profits for your business. Our team kicks off regular work and continues to deliver at peak performance, ensuring your financial operations run smoothly and efficiently.