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Overview - Accounting for insurance companies

Continuing pressure to optimize business efficiency has impelled a lot of insurance companies, agencies and brokers around the globe to seek out completely new approaches like outsourcing accounting services. Cogneesol’s scalable insurance business accounting services take away the burden of staffing as well as handling in-house bookkeepers and accounting professionals. We provide a level of dependability, persistence and competence that is characteristically exclusive to insurance businesses. With a fractional share of an entire accounts division, you’ll reap the benefits of both the worlds – capabilities as required without any hassle.

Bookkeeping, account reconciliation, tax preparation along with other accounting services for insurance companies are just a couple of offerings we extend to you. Our team can take care of all your daily accounting and bookkeeping tasks by means of revolutionary insurance agency accounting software so you can pay attention to running your business efficiently. Additionally, we can easily set-up new accounting software of your choice, train your staff and assist you in using the same in-house. We can keep track of your insurance bookkeeping on a month-to-month, quarterly or yearly basis. We make sure that our customers gain sufficient control on accounts, with regular follow-ups on outstanding invoices and comprehensive reporting on account activities.

Accounting Services for Insurance Business

Insurance Accounting Services

  • Monthly/Quarterly/Yearly Financial Reports
  • Preparation Tax Authority Returns
  • Management Reports
  • Payroll Processing Services
  • Fixed Asset Management
  • Financial Analysis
  • Profit and Loss Statement

Insurance Bookkeeping Services

  • Accounts Payable Services
  • Accounts Receivable Services
  • Insurance Data Entry
  • Carrier Statement Reconciliation
  • Maintaining General Ledger
  • Income Statement and Balance Sheet Preparation
  • Customized Reports
  • Tax Authority Reconciliation
  • Retail Agent Reconciliation

Get a Free Quote

Processes related to accounting for insurance companies are often complicated and time-consuming. So, it is best if you let us manage all your finances. Outsourcing your insurance company accounting to Cogneesol can help save you time and costs. Simply click on the ‘Submit Now’ button to request a free consultation.

ACCOUNTING SOFTWARE FOR INSURANCE

  • Intacct insurance accounting
  • quickbooks insurance accounting services
  • netsuite insurance accounting services
  • Microsoft Dynamics
  • Oracle JD Edwards
  • SAP solutions
  • NexSure Insurance Software
  • Insurance Pro Software
  • Newton Software
  • Agency Software Inc.
  • Xero accounting for insurance agencies
  • Sage accounting for insurance brokers

WHY OUTSOURCE INSURANCE ACCOUNTING TO COGNEESOL?

  • Best Talent Pool
    Best Talent Pool

    If you engage our insurance accounting firm, you typically get an access to an extensive talent reservoir, useful and ideal for your business to scale up.

  • Better Use of Time
    Better Use of Time

    By outsourcing accounting for insurance companies, you free up precious time which can be allocated on daily tasks & attracting new customers.

  • High Accuracy Rate
    High Accuracy Rate

    Accounting for insurance agencies or brokers can be advantageous with regards to driving precise results that can be as much as 99.95%.

  • Never Skip a Payment
    Never Skip a Payment

    No need to worry about the bills to be paid or invoices not going out on time. When you outsource your insurance agency accounting to us, your invoices and payments go out on time.

  • Up-to-date Technology
    Up-to-date Technology

    The market is evolving on daily basis due to technological growth. Businesses can make use of such progressive technology by outsourcing.

  • Reduce Overhead Expenses
    Reduce Overhead Expenses

    Our insurance company accounting services can help you save money by cutting out extensive salary packages for a full-time in-house employee.

  • Multiple Accounting Software
    Multiple Accounting Software

    Our team can work on diverse accounting software available in the market. We can work on your existing software or help you buy a new one, in case required.

  • Quicker Turnaround Time
    Quicker Turnaround Time

    Briefly, outsourcing allows you to obtain quality accounting for insurance businesses within the defined deadline, hence aiding you in a lot of ways.

Every Business Is Unique.
Find Out How We Can Help Yours.

  • Service and support beyond your expectations
  • Get your team to do what is core to your business
  • Customized solutions to suit your needs
  • Helping you improve efficiency and profitability
  • Our team is there to assist you 24x7
  • Delivery of projects within the agreed time-frame
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