I'm the P&C Manager for a new insurance Agency. All the banking is done at the other location, and I found out today that they only use one account. Every other agency I've worked at used 3 account. One for insureds policy payments (new business, reg payments) that we forward to the company.
The other account was for agency billed accounts and the 3rd account I'm thinking was for commisions to pay agents and bills. Is this correct.
Can anyone help clear this up for me. The owners are having a meeting tomorrow and I'm finding there are several things that should be set up differently.
Thank!
The other account was for agency billed accounts and the 3rd account I'm thinking was for commisions to pay agents and bills. Is this correct.
Can anyone help clear this up for me. The owners are having a meeting tomorrow and I'm finding there are several things that should be set up differently.
Thank!