In this video, I will show you how to use QuickBooks for Insurance Agencies and record premium payments in Health Insurance, Life Insurance Insurance, Auto-Insurance, Travel Insurance, Home Insurance, Business Insurance, or any other insurance business you run.
In setting up, you will also learn how to categorize business insurance in QuickBooks desktop; Pro, Premier, or Enterprise Edition.
This QuickBooks desktop tutorial also works for QuickBooks Online and shows you how to:
1. Set up a chart of accounts for the Insurance Agency -
2. create a Bank account for premium payment and disbursement to insurance providers.
3. Setup policyholders or customer records are categorized by insurance types and balances.
4. Create departments or categorize your insurance agency business
Insurance providers and payable balances.
5. Track commission earned from the insurance premium.
6. Process direct cost: Disburse premium to insurance providers.
7. Capture revenue: create an invoice for insurance policies, capture percentage commission, and receives payment by cash, transfer, or credit card into a bank/cash account.
8. Record insurance expenses like advertising, office supplies and administrations, staff salaries, sales or marketing staff, etc
9. Keep track of banking transactions - check, transfer funds, use register and reconciliation
10. Financial reports - income, expense, purchases, inventory, profit or loss by insurance types, balance sheet, and cash flow.
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Some helpful articles:
► How to choose the right QuickBooks desktop for your business - [ Ссылка ]
► How to manage savings, loans, and investment for your co-operative - [ Ссылка ]
► How to choose the right QuickBooks cloud solutions - [ Ссылка ]
► How to do inventory transfer on QuickBooks Online Plus - [ Ссылка ]
► QuickBooks for FMCGs - [ Ссылка ]
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► How to Hire a Bookkeeper - [ Ссылка ]
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► QuickBooks for Oil and Gas - [ Ссылка ]
► QuickBooks for NGOs or non-profits - [ Ссылка ]
I have successfully set up QuickBooks and trained beginners or managers of businesses (Nigeria, Kenya, Uganda, USA) in the following sectors:
► Retail and Manufacturing
► Real Estate and Properties
► Professional Services
► NGO or Non-profit
► Financial Services
► Shipping and Logistics
► Schools and Educational Centres
► Poultry Farming
► Restaurants and Food Distribution
► Oil and Gas Servicing
If you'd like to know how I can implement QuickBooks accounting software solutions for your business, connect us at bigresourcessolutions@gmail.com 0r chat with us via Whatsapp (+2348105090001).
You really don't have to spend much to acquire software.
We can help you customize QuickBooks for:
► Invoicing
► Payment
► Tax
► Banking
► Inventories
► Expenses
► Reporting
► User management and control
► Backup
► Cloud hosting.
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