cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
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 01-06-2019

Best Answers
Level 15

Re: 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

Level 2

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

2 Comments
Level 15

Re: 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

Level 2

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

Need to get in touch?

Contact us