Get $1,000 Benefits — Free Bookkeeper ($500) + Business Tools ($500)

Get $1,000 Benefits — Free Bookkeeper ($500) + Business Tools ($500)

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Pre-vetted | Trained | Experienced

Professional Bookkeeping & Accounting Services for Insurance Agencies

We handle daily bookkeeping, you focus on renewals and clients

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Responsibilities Managed by an Insurance Bookkeeper
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Commission Accounting
  1. Tick IconCalculate agency commission
  2. Tick IconCalculating agent splits
  3. Tick IconRecording earned commissions
  4. Tick IconReconcile carrier commission
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Client Receivables Management
  1. Tick IconMonitor outstanding premiums
  2. Tick IconSend payment reminder data
  3. Tick IconTrack overdue policies
  4. Tick IconFlags policies at risk
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Bank Reconciliation
  1. Tick IconReconcile bank accounts
  2. Tick IconReconcile trust accounts
  3. Tick IconInvestigate discrepancies
  4. Tick IconMatch management system reports
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Manage Carrier Payables
  1. Tick IconRecord amounts owed
  2. Tick IconSchedule carrier payments
  3. Tick IconPrevent accidental overpayment
  4. Tick IconTrack premium transactions

Offload 50+ Daily and Monthly Insurance Bookkeeping Tasks

A full list of tasks insurance agencies move off their desk first

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Get a downloadable list over your email

You don’t just get an insurance bookkeeper. You get a system that keeps your books consistent every day

Why Agencies Choose Wishup

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Vetted Talent

We hire 1 in 1000 applicants and train them on bookkeeping tools like QuickBooks & Xero

Managed Support

Along with a dedicated bookkeeper, you get a task team that conducts timely reviews and fixes issues

Secure Process

NDA by default and strict data practices ensure your client and policy data stays protected

Interview Freely

Interview candidates until you’re confident. No limit, no pressure to pick fast

Backup Coverage

If your bookkeeper is unavailable, another trained team member steps in, so your work doesn't stop

Call to Clean Books - In 3 Steps

Gone are the days when hiring used to take months

1

Tell us about your workflow and tools you use

What Changed When They Started Delegating

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Feedback That Keeps Us Accountable

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★★★★★

I appreciate the value a Wishup VA can bring to a business. The VAs of Wishup are very understanding and well trained in multiple skillsets, making them indispensable.

Niels Van De Bergh

Growth Consultant - Growth-Mechanics

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★★★★★

I couldn't be more thrilled with my Wishup VA. It took me a few weeks to get the time to organize the work to assign initially, but it's been the best business decision for me this year.

Andrew McDermott

Founder - Convia Media

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★★★★★

Working with Wishup has given our small and rapidly growing business the ability to move faster while simultaneously freeing up many hours a week. As a result, we can now focus on our strategy. The Wishup team will be a significant contributing factor to our future success.

Jason Gorman

Founder and Managing Partner - Jackrabbit LX

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★★★★★

We are very pleased with the work that Wishup Virtual Assistants have delivered for us. We use Wishup to augment many aspects of our business, from research, social media to marketing. Their staff is highly educated, very responsive, and experienced. We have been using them for over 6 months and have been telling others about our experience whenever we get the chance. The value they provide is truly immense.

Marvin Gouw

Co-Founder - Cubit

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Supporting Agencies Across Time Zones

Your insurance bookkeeper works when your team and carriers are active

USA
Los Angeles
Vancouver
Dallas
Toronto
Sydney
San Francisco
Austin
Berlin
Chicago
Abu Dhabi
Singapore
Dubai
London
New York

Trained Across 50+ Business & AI Tools

Accounting, reporting, and workflow systems used by insurance agencies every day

QuickBooks
FreshBooks
Xero
MoneySoft
Relate Software
Surf Account
Sage
FreeAgent
Financial Force
Kash Flow
Myob
Gusto

Wishup Vs. The Rest: Reason We Lead

Onboarding Speed & Availability
Talent Quality & Training
Trained in AI/No-Code Tools
Business Tools (Apploye, Pipedrive, Hiring Credits, etc.)
Replacement & Money-Back
Dedicated Account Manager & Knowledge Transfer
Wishup
60 minutes (always available)
0.1% (Pre-vetted & Pre-trained)
✅ 120+
✅ Free Business Tools (Worth $500)
✅ Yes
✅ Yes
Freelance Platforms
Up to 3 weeks (waitlist)
Unclear (No training)
❗Limited
❌ No
❌ No
❌ No
Other Companies
1 to 2 weeks (waitlist)
1% (Pre-vetted Only)
❗Limited
❌ No
❌ No
❌ No

Wishup Vs. The Rest: Reason We Lead

Onboarding Speed & Availability

Wishup60 minutes (always available)
Freelance PlatformsUp to 3 weeks (waitlist)
Other Companies1 to 2 weeks (waitlist)

Talent Quality & Training

Wishup0.1% (Pre-vetted & Pre-trained)
Freelance PlatformsUnclear (No training)
Other Companies1% (Pre-vetted Only)

Trained in AI/No-Code Tools

Wishup✅ 120+
Freelance Platforms❗Limited
Other Companies❗Limited

Business Tools (Apploye, Pipedrive, Hiring Credits, etc.)

Wishup✅ Free Business Tools (Worth $500)
Freelance Platforms❌ No
Other Companies❌ No

Replacement & Money-Back

Wishup✅ Yes
Freelance Platforms❌ No
Other Companies❌ No

Dedicated Account Manager & Knowledge Transfer

Wishup✅ Yes
Freelance Platforms❌ No
Other Companies❌ No

Bookkeeping & Accounting Services for Insurance Agencies: A Detailed Guide

What is an Insurance Bookkeeper?

An insurance bookkeeper is a specialist who manages financial records for insurance agencies. They record premiums, commissions, refunds, and fees while separating agency income from carrier payables. They also reconcile carrier statements, track producer payouts, and handle chargebacks or cancellations correctly. The result is financial reports that reflect true earned revenue, not just cash moving through the agency.

What are the Insurance Accounting Services Offered by Companies?

  • Commission Tracking: Recording earned commissions by carrier and policy type.
  • Trust Account Management: Separating client premium funds from agency revenue.
  • Carrier Payable Reconciliation: Tracking amounts owed to insurance carriers.
  • Accounts Receivable Management: Monitoring client payments and outstanding balances.
  • Bank & Statement Reconciliation: Matching agency and trust accounts accurately.
  • Financial Reporting: Agency revenue reports, cash flow, and profit summaries.
  • Cleanup & Catch-Up Bookkeeping: Fixing incorrect revenue classification or missing records.

What are the Insurance Businesses That Use Insurance Bookkeeping?

  • Independent insurance agencies
  • Insurance brokers and consultants
  • Multi-agent agencies
  • Property & casualty and life insurance agencies
  • Agencies managing renewals and recurring policies

What are the Benefits of Hiring an Insurance Bookkeeper?

  • Accurate Revenue Recognition: Track actual commission income correctly.
  • Compliance Support: Proper trust accounting reduces regulatory risk.
  • Clear Cash Flow Visibility: Separate premium funds from earnings.
  • Reduced Errors: Fewer reconciliation mistakes with carriers and policies.
  • Time Savings: Agents focus on clients and policies instead of accounting.

What’s the Cost Comparison: Freelance Bookkeeper vs Managed Accounting Services for Insurance Agencies vs In-house Accountant?

Hiring Mode Cost Best For
Freelance Bookkeeper $150–400/hour Small agencies or agents with moderate policy volume
Managed Accounting Services for Insurance Agencies US$299 onwards Agencies needing ongoing and expert support, tool-ready bookkeepers, pre-screened employees, and backup support
In-house Accountant $60K–75K/year + benefits Large agencies with in-house teams

What are the Essential Skills to Look for in an Insurance Bookkeeper?

  • Understanding of insurance commissions and policy accounting
  • Experience with trust accounts and carrier reconciliation
  • Strong bookkeeping and reconciliation accuracy
  • Knowledge of receivables and recurring billing workflows
  • Financial reporting and documentation skills
  • Confidential handling of financial data

How to Hire an Insurance Bookkeeper?

  1. Freelance Platforms like Fiverr and Upwork
    Pros: Ideal for one-time tasks
    Cons: Not reliable, juggles between multiple clients, lacks insurance industry knowledge
  2. Managed Bookkeeping Services like Wishup
    Pros: Industry knowledge, compliance awareness, quick hiring, pre-vetted candidates
    Cons: Not ideal for adhoc tasks
  3. In-House Hire from Platforms Like Indeed and LinkedIn
    Pros: On-site availability
    Cons: Long hiring time, high salaries, requires training

What are the Steps to Hire Insurance Accounting Services?

  • List commission structures and carrier relationships.
  • Identify accounts (trust, operating, client payments).
  • Choose a hiring model based on transaction complexity.
  • Vet for insurance accounting experience.
  • Run a trial reconciliation of recent statements.
  • Set reporting cadence for commissions and cash flow.

Frequently Asked Questions About Accounting & Bookkeeping Services For Insurance Agencies

They record premiums, policy fees, refunds, and commissions from your AMS (Agency Management System) into accounting software. Carrier statements are matched against deposits, so income is not overstated. Producer payouts and agency revenue are separated correctly. Monthly reports are prepared so your accountant does not have to fix numbers first.

Agencies handle trust money that passes through them but is owed to carriers or clients. Revenue is only the earned commission, not the full premium collected. Chargebacks, cancellations, and policy changes affect prior entries. Standard bookkeeping often records gross deposits as income, which distorts profit.

Yes, work is done inside your existing tools instead of exporting everything to spreadsheets. Data from the agency management system is tied to accounting records and bank activity. Reports stay consistent with how your agency already operates. This avoids retraining your staff or changing your process.

Yes, the roles are different. The bookkeeper maintains daily records, reconciles accounts, and produces monthly financials. The accountant reviews those numbers, handles tax filings, and gives planning advice. When books are clean, the accountant spends less time correcting entries and more time advising.

Each policy transaction is recorded against the related carrier and producer. When a chargeback happens, it is tied to the original commission entry instead of logged as a random expense. This keeps earned income accurate across months. Producers also see correct payout numbers without manual recalculation.

In the US, accountants and CPAs usually charge about $150 to $400 per hour, and ongoing monthly accounting support often ranges from roughly $500 to $2,500. With Wishup, you don’t pay hourly billing. Managed bookkeeping plans start at $299, and a dedicated insurance bookkeeper starts at $999 per month.

Yes, each carrier statement is reconciled individually against bank deposits and open receivables. Differences are flagged early so they can be corrected with the carrier while the records are fresh. This prevents large discrepancies building up over the year.

Your insurance accountant’s shift is scheduled during your business hours, so work and communication happen in real-time. Questions about policies or payments get resolved the same day. Reports are ready when your team logs in. You do not wait overnight for basic updates.

Wishup offers instant backup in case your dedicated bookkeeper is unavailable for a long time. Access, history, and procedures are already maintained centrally. Reporting timelines continue without gaps. We make sure your work doesn’t stop or is extended.

After you share your workflow, we shortlist candidates matching your requirements, and you can interview as many bookkeepers as you want until you’re satisfied with one. Once you finalize a candidate, we onboard them right away. Access to systems is set up and priorities are defined. In no time, you start saving 3+ hours daily.

Access is restricted to assigned team members only. Activity is documented and governed by signed confidentiality agreements. Sensitive client and policy data is not stored locally. The setup is designed to reduce risk compared to ad hoc sharing.

Historical balances are reviewed and accounts are reconciled month by month. Incorrect income, duplicated entries, and uncategorized transactions are corrected. Reports are aligned with carrier statements and bank history. Once fixed, ongoing bookkeeping keeps them accurate.

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