We are a part of
Most MGA and wholesale accounting problems start with a reasonable assumption: “If our management system has accounting, we should use it.” In practice, AMS accounting modules are built for operations, not for complex premium accounting. That gap is why spreadsheets, manual journals, and reconciliation workarounds become permanent. This page explains the difference between Premium Accounting and AMS accounting, and why many organizations keep their AMS while replacing the accounting layer.
Accounting inside an agency management system is designed to support basic operational needs.
It typically handles:
For smaller agencies or low-complexity workflows, this can be sufficient. Where it struggles is when premium accounting becomes complex.
AMS accounting modules are not designed for the realities of MGA and wholesale operations.
Common limitations include:
When accounting logic is forced into an operational system, finance teams carry the burden.
Premium Accounting is a dedicated premium subledger built specifically for insurance accounting.
It is designed to:
It focuses entirely on accounting, so the AMS does not have to.
One of the biggest misconceptions is that fixing accounting requires replacing the management system.
Premium Accounting integrates alongside your AMS:
This avoids rip-and-replace projects while delivering immediate accounting improvement. To see how this works in practice, review how organizations replace insurance accounting without changing their management system.
AMS Accounting
Premium Accounting
Both can coexist, but they serve different purposes.
AMS accounting may be sufficient if:
As complexity increases, limitations surface quickly.
Premium Accounting is a better fit when:
At this point, the accounting problem is no longer operational. It is structural.
Premium Accounting integrates with agency and MGA management systems, rating tools, and accounting ledgers. You do not need to switch systems to get better accounting. To see supported integrations, review how Premium Accounting integrates with insurance management systems and accounting ledgers.
This comparison is most useful for:
It is commonly read by teams searching for insurance premium accounting software that goes beyond AMS limitations.
Accurate allocations, full traceability, and audit-ready reporting - without agency accounting workarounds.
This comparison is provided for general informational purposes only. It is based on publicly available information, typical use cases, and common operational patterns observed in the insurance industry. Product capabilities, configurations, and customer experiences may vary by implementation, version, and organizational requirements. Nothing on this page is intended to misrepresent, disparage, or evaluate the legal, financial, or commercial standing of any third-party product or vendor. Organizations should conduct their own evaluation to determine which solutions best meet their specific needs.