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Installment billing is where premium accounting quietly breaks. Premium is rarely collected in a single payment. Installments introduce timing differences, partial payments, adjustments, and cancellations that quickly overwhelm generic billing tools. Premium Accounting provides insurance-specific installment billing designed for MGAs and wholesalers who need accuracy without spreadsheets.
Most billing systems assume:
Insurance installment billing is different.
Accounting teams must handle:
When installment logic lives outside accounting, reconciliation becomes manual and error-prone.
Premium Accounting treats installment billing as part of the premium accounting workflow.
The process includes:
This ensures installment billing stays consistent with accounting outcomes.
Installment billing often begins with a down payment.
Premium Accounting supports:
This prevents confusion about what has been collected versus what remains outstanding.
Insurance policies change, and installment schedules must change with them.
Premium Accounting supports:
All adjustments remain traceable to the underlying policy and transaction history.
Installment payments are often incomplete or uneven.
Premium Accounting supports:
This eliminates spreadsheet tracking of installment balances.
Installment billing in Premium Accounting is not isolated.
Installment activity flows into:
This ensures installment billing supports clean month-end close. To see how installment billing fits into broader workflows, review how Premium Accounting integrates with insurance management systems and accounting ledgers.
Installment billing is ideal for organizations that:
It is most commonly used by MGAs and wholesalers evaluating insurance premium accounting software to modernize billing workflows.
Accurate allocations, full traceability, and audit-ready reporting - without agency accounting workarounds.