Manage premium billing, receivables, reconciliation, reporting, and accounting workflows through an insurance premium accounting platform built for agencies, MGAs, wholesalers, and carriers. PremiumAccounting.ai works as your insurance premium accounting layer and can operate independently or synchronize with your General Ledger system, including QuickBooks Online, Xero, Sage, NetSuite, Workday, and Microsoft Dynamics.
Insurance premium accounting is the process of tracking premium billed, premium collected, outstanding receivables, installment payments, refunds, commissions, fees, and accounting activity connected to insurance transactions. Unlike general business accounting, premium accounting must support policy activity, endorsements, renewals, agency bill workflows, direct bill workflows, customer balances, producer commissions, carrier payables, and reconciliation. PremiumAccounting.ai gives insurance organizations a dedicated premium accounting system while keeping the General Ledger clean and connected.
QuickBooks, Xero, Sage, NetSuite, Workday, and Microsoft Dynamics are strong accounting systems. But they are not built specifically for insurance premium workflows.
Insurance organizations often need to manage:
PremiumAccounting.ai fills the gap between insurance operations and the General Ledger.
PremiumAccounting.ai works as an insurance premium subledger. That means billing, payments, receivables, commissions, fees, and reconciliation activity can be managed inside PremiumAccounting.ai before summarized or synchronized into your accounting system. This helps agencies, MGAs, and wholesalers maintain clean financial workflows without forcing every insurance transaction directly into the General Ledger.
Create invoices for new business, renewals, endorsements, installment plans, agency fees, inspections, audits, and policy related charges.
Track open invoices, outstanding balances, aging receivables, installment balances, and customer payment status.
Collect payments through supported payment workflows, CoverPay, ePayPolicy, or your existing payment provider.
Match invoices, payments, receivables, accounting activity, deposits, fees, commissions, and exceptions through connected workflows.
Synchronize premium accounting activity with your General Ledger or ERP system.
Monitor premium billed, premium collected, outstanding receivables, payment activity, reconciliation status, and financial performance.
Automate premium billing, receivables, installment plans, and accounting workflows without replacing QuickBooks or Xero.
Manage premium accounting across programs, producers, policies, carrier relationships, and complex reconciliation workflows.
Track agency bill activity, customer balances, premium collection, commission activity, and carrier payable workflows.
Support delegated authority, billing activity, reconciliation, reporting, and accounting visibility across program business.
PremiumAccounting.ai is not designed to replace your General Ledger. It is designed to connect insurance premium operations with your accounting system.
Supported accounting platforms include:
Agencies can start without an accounting integration and add synchronization later as workflows mature.
Replace disconnected spreadsheets, manual reconciliations, and generic accounting workflows with insurance-native accounting infrastructure built for MGAs, wholesalers, program administrators, agencies, brokers, and carriers.