Services

Choose Which Agency Accounting Service You Would Like EQP! To Complete For You:

Agency Bill/Premium Payables Reconciliation

EQP! will reconcile agency bill, broker, and other account current statements to the items in your management system.  We will enter the disbursement and notify agency when ready.  In addition, we will reconcile the payable balance on your balance sheet to the items due to the carriers.

Direct Bill Reconciliation

EQP! will reconcile, record, import, or process commissions in suspense for your direct bill transactions.  Based on the distributions of your income we will make sure the corresponding income accounts reflect the income received from the carriers.  In addition we will issue disbursements for return commissions due to carriers.

Producer Payables

During the Month End process EQP! will run producer reports for your review. Once approved we will issue disbursements.

Disbursements

EQP! will enter disbursements for your vendor payables. Any items meeting your agency’s capital improvement dollar level will be copied to your CPA for depreciation and amortization.

Payroll Entries

EQP! will make corresponding entries into your management system, generated from payroll reports provided.

Deposits

With access to your deposit details or deposits imaged in, we will apply payments within your management system.

Month End

EQP! will initiate or change your default month. Reconcile bank statements for the cash accounts on your balance sheet, post, and provide the following standard reports: Aged Accounts Receivable, Income Statement (Profit/Loss), Status of Accounts (General Ledger), and Trial Balance.

Year End

EQP! works with your CPA to help make your year end process smooth. EQP! also assists with 1099’s by taking the data from your management system and creating a list of vendors for 1099 processing.

About Us Services Agency Quote