Bookkeeping Services for Insurance Agencies & Agents
The Giersch Group specializes in scalable bookkeeping, accounting and management consulting services for insurance companies. Having an experienced financial professional at your service not only relieves you of the hassle and stress of keeping the books, it gives you a clearer picture of your firm’s financial health and helps you develop a plan for the future.
Take advantage of a free 30-minute consultation with the Giersch Group to learn more about how we can help your insurance company. For your convenience, consultations can be held online, or at our Milwaukee, Brookfield, or Madison offices. Our services are 100% virtual and available nationwide.
Affordable Bookkeeping for Captive and Independent Insurance Agents
As an agent, you know how important it is to keep your finances organized. Failing to keep track of and document expenses and revenue not only leaves you clueless as to how your business is doing, but it also makes tax time a mad scramble to locate the paperwork you need. That’s where The Giersch Group can help.
We specialize in bookkeeping and accounting services for all types of small and mid-size businesses, including insurance agencies and insurance brokers. Coming from a family of entrepreneurs and as small business owners ourselves, we understand the hardships small businesses face. Our experienced bookkeepers not only take the burden of dealing with the numbers off your plate, but also help you make better business decisions.
Certified QuickBooks™ ProAdvisor for Insurance Agencies
As a certified QuickBooks™ Online ProAdvisor, we can train your staff in QuickBooks™ so you can use your financial statements to improve your business operations at half the retail cost of the software. Our QuickBooks Services include:
- QuickBooks™ installation & setup as a standalone service
- Reviewing your books for accuracy
- Organizing your books and fixing any mistakes
- Training on how to view & interpret your financial statements
- Training on QuickBooks™ advanced features
- Ongoing support for QuickBooks™ programs (payroll, accounts receivable, accounts payable, job costing, customized reporting and inventory tracking)
- Complete bookkeeping support and regular reporting in full accrual accounting
Understanding Your Financials
At Giersch Group, we ensure you not only have timely, accurate financial reports, but help you to understand your current and long-term financial picture. We pride ourselves on our hands-on approach to all of our clients, being available to answer any questions you may have about your financials.
Our Services for Insurance Companies
We offer more than just bookkeeping services for insurance companies in Wisconsin. In fact, all of our services are available online nationwide.
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Frequently Asked Questions:
What type of accounting is insurance?
The unique financial relationship insurance companies have with policyholders warrants special accounting principles known as Statutory Accounting Principles (SAP). Giersch Group has the experience to guide your business through these guidelines.
Is an insurance company's annual statement different than other companies?
Yes. Unlike traditional businesses, an insurance company's annual statement indicated its value as if it were in liquidation rather than continuing in business. Giersch Group's full accrual reports are more than numbers and offer suggestions on how to use the data towards higher profitability.
Do insurance companies file GAAP and SAP?
If the insurance company is a stock corporation, like most, accountants file both. Investors can get an accurate estimate of outstanding claims versus revenues. Giersch Group advisors have the expertise to walk you through this process.
