Insurance Agency Accounting Services
Expertly managing your accounting services, so you can focus on generating new business
Accounting Service for Insurance Agencies
Invisible Hand specializes in providing accounting services for insurance agencies. Insurance agency accounting requires an understanding of how the insurance industry operates from billing to reporting to fiscal management.
Our goal is to help you track your insurance agency’s financial status, manage cash flow, and increase profit margins. Invisible Hand enables your agency to focus on growing your business while we provide support to meet your accounting requirements.
Our goal is to help you track your insurance agency’s financial status, manage cash flow, and increase profit margins. Invisible Hand enables your agency to focus on growing your business while we provide support to meet your accounting requirements.
Insurance Agency Accounting Services
Accounting / Book Keeping
- Preparing Financials Report
- Preparing Reconciliation
- Day-to-Day Book keeping in Quick book online software
- Accounting of Sales Invoices
- Accounting of Expenses
- Generating Receipts
- Verifying Payments
- Bank Reconciliation on daily basis
- Petty Cash Entry
Financial Data Reporting
- Collection Report on weekly basis
- Payment Report on weekly basis
- MIS on monthly basis
- Cash flow every two weeks
- Providing Sales Data to USA Tax consultant for filling Monthly / Quarterly Returns
Financial Data Analysis
- Aging Report for pending collection with remarks
- Pivot / Chart for Sales in different segments
- Pivot / Chart for Revenue VS Expenses
- Pivot / Chart for Monthly cash flow
- Performance Review for Sub Agent
- Performance Review for Employees (when specifically needed)
- Review of Break Even Point for Sales Agents
- Review of Legal and other important documents from Finance point of view
We provide customized and scalable insurance BPO services specific to the Insurance industry.
