MGA Accounting Software for Premium Billing and Reconciliation

Managing General Agents face accounting complexity that generic systems were never built to handle. MGAs manage premium across multiple carriers, programs, billing models, commissions, and settlement cycles. When accounting depends on spreadsheets, reconciliation becomes a constant fire drill. Premium Accounting is MGA accounting software built specifically for premium billing, reconciliation, and settlement without spreadsheet workarounds.

Why MGA Accounting Is Different

MGA accounting is not agency accounting at scale.

MGA finance teams must manage:

  • Multiple carriers and programs
  • Agency bill and direct bill business
  • Installments, premium finance, and return premium
  • Commissions, fees, and taxes
  • Carrier bordereaux and settlement

Generic accounting tools and AMS accounting modules are not designed for this complexity, forcing MGAs into manual processes.

How Premium Accounting Solves MGA Accounting Challenges

Premium Accounting is designed as a dedicated premium subledger for MGA operations.

It provides:

  • Insurance-specific invoice generation
  • Payment collection and allocation
  • Accounts receivable and payable
  • Netting and settlement workflows
  • Bordereaux-ready accounting
  • Full transaction history and audit trail

All while working alongside existing MGA management systems. To see how this architecture works, review how organizations replace insurance accounting without changing their management system.

Supports Real MGA Billing Models

Premium Accounting supports the billing models MGAs actually use.

This includes:

  • Agency bill business
  • Direct bill business
  • Mixed billing across programs
  • Installment billing and premium finance

Accounting teams can manage all models in one system without separate workflows.

Reduces Spreadsheet Dependency for MGA Finance Teams

Spreadsheets are often used to:

  • Track receivables and payables
  • Allocate partial payments
  • Reconcile carrier settlements
  • Produce bordereaux

Premium Accounting replaces spreadsheet logic with rules-based workflows and a centralized premium subledger. This reduces risk and improves consistency.

Designed for MGA Month-End Close and Audits

Premium Accounting supports MGA close and audit requirements.

Accounting teams gain:

  • Clear explanation of balances
  • Traceability from policy to ledger
  • Reduced reconciliation time
  • Audit-ready transaction history

This allows MGAs to scale without scaling accounting headcount.

Works With Your Existing MGA Technology Stack

Premium Accounting integrates with:

  • MGA and agency management systems
  • Rating and quote-bind tools
  • Accounting ledgers such as QuickBooks Online, NetSuite, Xero, and Workday

MGAs do not need to replace core systems to modernize accounting. To see supported integrations, review how Premium Accounting integrates with insurance management systems and accounting ledgers.

Who This Software Is For

This MGA accounting software is ideal for organizations that:

  • Operate multiple MGA programs
  • Manage complex premium flows
  • Rely on spreadsheets for reconciliation
  • Need confidence in accounting at close

Premium Accounting is built for MGAs who want clean books without rebuilding their stack.

FAQs

Modern Premium Accounting for P&C MGAs and Wholesalers

Accurate allocations, full traceability, and audit-ready reporting - without agency accounting workarounds.

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