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Accounts receivable is where insurance premium accounting either stays clean or completely falls apart. Premium receivables are affected by endorsements, cancellations, installments, partial payments, and timing differences across carriers and producers. When AR is tracked outside of insurance-aware logic, spreadsheets become the system of record. Premium Accounting provides insurance-specific accounts receivable management built for MGAs and wholesalers.
Traditional AR assumes:
Insurance premium receivables break those assumptions.
Accounting teams must manage:
Without an insurance-specific AR layer, balances become difficult to trust.
Premium Accounting treats accounts receivable as part of the premium subledger.
The AR workflow includes:
This ensures receivables remain aligned with underlying insurance transactions.
Accounts receivable is only accurate if payment application is correct. Premium Accounting applies payments to receivables using insurance-specific rules, not generic assumptions.
This includes:
This eliminates spreadsheet logic used to “figure out what’s outstanding.”
Insurance receivables change over time. Premium Accounting supports:
Receivable balances remain traceable to the policy and transaction history, reducing confusion during close.
Premium Accounting provides accounting teams with clear AR visibility.
Teams gain:
This allows teams to manage AR proactively instead of reacting at close.
Accounts receivable in Premium Accounting are not isolated.
Receivable outcomes flow into:
This keeps AR aligned with financial reporting and month-end close. To see how receivables fit into broader workflows, review how Premium Accounting integrates with insurance management systems and accounting ledgers.
Premium AR is ideal for organizations that:
It is most commonly used by MGAs and wholesalers evaluating insurance premium accounting software to modernize receivables management.
Accurate allocations, full traceability, and audit-ready reporting - without agency accounting workarounds.