Insurance Agency Accounting & Bookkeeping

Insurance Agency Accounting & Bookkeeping, known as IAAB, is an outsourced bookkeeping and accounting firm for independent insurance agencies across the United States. It specialises in agencies running the Applied Epic and Vertafore AMS360 management systems. Its accountants handle the agency's routine finance work.

What Insurance Agency Accounting & Bookkeeping offers

• Direct bill commission: records commissions on a cash basis from company statements, including imports and manual entry.
• Agency bill premiums: monitors payables, reconciles them and pays carriers and brokers within a few days of receipt.
• General ledger reconciliation: checks every account on the financial statements and reconciles bank accounts through the month.
• Financial statements and reports: prepares and explains statements, with open receivables and payables reports.
• Vendor invoices and receivables: pays approved bills and records customer payments.
• Payroll: processing as an add-on, working with ADP.

Key facts

• Based in: Connecticut
• Founded: 2007
• Team: 60 staff, all working in the United States