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wp318
Level 2

Setting up a company file for an insurance Agency/Brookage.

 
 

Hello, I have a prospective client who operates an Insurance Agency/Brookage, he makes a commission base on the premiums collected from members of his organization and places(take out medical insurance plans etc}
with a major Insurance company. How do I set up to account for income earned from his different lines of business etc medical, life? His income is base on a % of premium collected from his clients.QBD.

Solved
Best answer January 06, 2019

Best Answers
qbteachmt
Level 15

Setting up a company file for an insurance Agency/Brookage.

Make Service items; they all link to the one Income account. Name them, for example, Life Ins, or Whole Life and Term Life, Auto, Home, Medical, Short Term Disability, etc. use them for the Sales to the customer name.

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2 Comments 2
qbteachmt
Level 15

Setting up a company file for an insurance Agency/Brookage.

Make Service items; they all link to the one Income account. Name them, for example, Life Ins, or Whole Life and Term Life, Auto, Home, Medical, Short Term Disability, etc. use them for the Sales to the customer name.

View solution in original post

wp318
Level 2

Setting up a company file for an insurance Agency/Brookage.

Thank you.

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