Manage premium accounting from policy transaction through billing, receivables, payments, trust accounting, commissions, company payables, carrier settlements, reconciliation, financial reporting, and general ledger synchronization. Built for agencies, MGAs, wholesale insurance brokers, program administrators, and carriers.
General accounting software records summarized financial transactions. Premium Accounting manages the policy-level insurance financial activity that creates those transactions. Automate premium billing, receivables, payments, trust accounting, commissions, company payables, carrier settlements, reconciliation, journal entries, and financial reporting through one insurance-native premium accounting platform.
Insurance accounting is fundamentally different from general business accounting because every policy transaction can create premium, receivable, payable, commission, trust, settlement, reconciliation, and reporting activity.
Insurance organizations manage:
General accounting software was not designed to maintain policy-level insurance accounting detail across billing, payments, receivables, payables, commissions, trust balances, settlements, and reconciliation. Premium Accounting provides the insurance-specific subledger required to manage these workflows while the existing accounting system remains the General Ledger. Learn more about the Insurance Accounting Platform, Insurance Premium Subledger.
Premium Accounting provides one connected platform for managing policy-level insurance accounting and financial operations across the entire premium lifecycle.
Manage:
Instead of moving policy and financial information between spreadsheets, policy systems, payment tools, bank records, and the general ledger, Premium Accounting keeps premium activity connected through one insurance-native accounting workflow. Learn more about Insurance Accounting Automation, Insurance Financial Automation, and Insurance Workflow Automation.
Every policy-level financial event remains connected from premium billing and collection through commissions, company payables, carrier settlements, reconciliation, accounting, and financial reporting.
Insurance Premium Subledger operates as the insurance premium subledger between policy operations and the general ledger. The subledger maintains detailed policy-level financial activity including premium, fees, taxes, receivables, payments, commissions, company payables, return premium, trust balances, settlements, and reconciliation results. Summarized accounting activity can then synchronize with the organization's general ledger using Insurance Journal Entry Automation.
Agencies, MGAs, wholesalers, and program administrators may manage premium funds, commissions, fees, taxes, return premium, and carrier obligations across multiple policies, programs, and entities. Premium Accounting supports trust accounting workflows, fiduciary balances, commission accounting, company payables, carrier settlements, financial controls, and policy-level audit trails.
Learn more about Commission Accounting Software, Insurance Accounts Payable Software, Trust Reconciliation Checklist, Insurance Commission Reconciliation Checklist.
Premium Accounting connects policy transactions, invoices, payments, receivables, company payables, commissions, carrier statements, trust balances, bank activity, and general ledger records. Automated reconciliation and exception management help accounting teams identify discrepancies faster and reduce manual month-end work.
Learn more about Insurance Reconciliation Software.
Premium Accounting is not designed to replace the general ledger. It serves as the insurance premium accounting subledger that maintains detailed policy-level financial activity while the existing accounting system remains the general ledger.
Supported accounting systems include:
Policy-level premium activity remains inside Premium Accounting while summarized journal entries and financial transactions synchronize with QuickBooks Online, Xero, Sage, or Workday. This gives insurance organizations detailed operational accounting without forcing them to replace the existing General Ledger.
Monitor:
Controllers, CFOs, accounting managers, and financial operations teams gain real-time visibility into premium movement, receivables, payables, commissions, trust balances, settlements, reconciliation exceptions, and month-end close across the organization. Learn more about Insurance Financial Reporting Software.
Premium Accounting helps controllers and accounting teams establish repeatable daily, weekly, reconciliation, settlement, and month-end procedures. Use the following insurance accounting playbooks to strengthen financial controls, improve close readiness, and standardize accounting operations.
Standardize daily cash, premium, receivable, payable, exception, and reconciliation reviews.
Review aging, unapplied cash, carrier obligations, commissions, trust balances, and unresolved accounting exceptions.
Organize reconciliation, journal entries, accruals, financial reporting, exception resolution, and close signoff.
Reconcile policy transactions, premium billed, payments, receivables, payables, and general ledger balances.
Reconcile trust bank activity, fiduciary balances, premium funds, company payables, and carrier settlements.
Validate premium, commissions, fees, taxes, return premium, company payables, and carrier settlement activity.
Reconcile commission income, producer commissions, deductions, payable balances, and settlement records.
Plan the transition from spreadsheets and disconnected systems to automated premium accounting, reconciliation, reporting, and general ledger integration.
Automate premium billing, receivables, payments, reconciliation, journal entries, and financial reporting without replacing QuickBooks, Xero, Sage, or Workday.
Manage premium accounting, trust balances, commissions, company payables, carrier settlements, and reconciliation across multiple programs and carriers.
Centralize retail agent receivables, premium accounting, commissions, company payables, settlements, and agency bill reconciliation.
Manage program-level premium, billing, trust accounting, commissions, carrier obligations, reconciliation, and financial reporting.
Improve delegated authority premium reporting, carrier statement reconciliation, settlement visibility, and financial controls across programs and distribution partners.
Replace disconnected spreadsheets, manual reconciliations, and generic accounting workflows with insurance-native accounting infrastructure built for MGAs, wholesalers, program administrators, agencies, brokers, and carriers.