Premium Accounting helps insurance agencies, MGAs, and wholesalers manage premium billing, receivables, payment activity, reconciliation, and accounting workflows in one connected platform. Use Premium Accounting as your insurance premium revenue layer while keeping QuickBooks, Xero, Sage, NetSuite, Workday, or Microsoft Dynamics as your General Ledger.
Insurance premium revenue management is the process of tracking premium billed, premium collected, outstanding receivables, installment activity, commissions, fees, refunds, and accounting activity across insurance transactions. For insurance agencies, MGAs, and wholesalers, premium revenue is often split across customers, producers, carriers, programs, and accounting systems. Premium Accounting brings these workflows together so teams can manage premium revenue with better visibility and less manual work.
Insurance premium revenue is different from standard business revenue.
Insurance organizations often manage:
When these workflows live in spreadsheets, payment systems, AMS platforms, and accounting software, it becomes difficult to maintain accurate visibility.
Track premium billed, premium collected, customer balances, installment plans, and receivables without forcing every workflow directly into QuickBooks or Xero.
Manage premium revenue across programs, producers, policies, carrier relationships, and complex reconciliation workflows.
Track agency bill activity, customer balances, payments, commission activity, and carrier payable workflows.
Create invoices for new business, renewals, endorsements, agency fees, audits, inspections, and installment schedules.
Track open balances, aging receivables, customer balances, installment balances, and collection status.
Monitor payments collected through CoverPay, ePayPolicy, ACH, credit card, or other supported payment workflows.
View premium billed, premium collected, outstanding receivables, payment status, and collection trends.
Match billing, payments, deposits, fees, commissions, and accounting activity through connected reconciliation workflows.
Synchronize financial activity with QuickBooks Online, Xero, Sage, NetSuite, Workday, Microsoft Dynamics, or other supported systems.
General accounting systems record financial activity. Premium Accounting manages the insurance workflows that create the financial activity. That means agencies and MGAs can manage billing, receivables, payments, and reconciliation inside Premium Accounting before syncing summarized or detailed activity to the General Ledger.
Replace disconnected spreadsheets, manual reconciliations, and generic accounting workflows with insurance-native accounting infrastructure built for MGAs, wholesalers, program administrators, agencies, brokers, and carriers.