QuickBooks Online Integration for Insurance Premium Accounting

Many MGAs and wholesalers rely on QuickBooks Online as their general ledger. QuickBooks Online is reliable, widely adopted, and familiar to accounting teams. What it is not designed to handle is the complexity of insurance premium workflows. Premium Accounting integrates directly with QuickBooks Online, allowing MGAs and wholesalers to keep QuickBooks as their general ledger while running insurance-specific premium accounting outside of spreadsheets.

Why QuickBooks Alone Is Not Enough for Insurance Premium

QuickBooks Online is built for general accounting.

It assumes:

  • Simple invoices and payments
  • Limited post-invoice changes
  • Straightforward allocation logic

Insurance premium accounting breaks those assumptions.

Accounting teams must manage:

  • Agency bill and direct bill business
  • Partial and out-of-order payments
  • Installments, endorsements, and cancellations
  • Commissions, fees, and taxes tied to premium
  • Carrier and producer settlement

Without an insurance-specific layer, these realities are handled in spreadsheets outside of QuickBooks.

How Premium Accounting Works With QuickBooks Online

Premium Accounting acts as a dedicated premium subledger that sits alongside QuickBooks Online.

The integration model is simple and proven:

  • Premium Accounting ingests policy and transaction data from your management system
  • Insurance-specific accounting logic is applied outside of QuickBooks
  • Invoices, payments, allocations, and balances are tracked in Premium Accounting
  • Clean, structured results are synchronized to QuickBooks Online

QuickBooks remains the system of record for financial reporting and close. To understand why this architecture works, see how organizations replace insurance accounting without changing their management system.

What Gets Synchronized to QuickBooks Online

Premium Accounting synchronizes insurance-ready financial outcomes to QuickBooks Online.

This includes:

  • Invoice and receivable results
  • Payment application outcomes
  • Adjustments from endorsements and cancellations
  • Netting and settlement results
  • Clear posting structures aligned to your chart of accounts

This approach reduces manual journal entries and increases confidence in QuickBooks balances.

Designed for MGA and Wholesale Accounting Teams

Accounting teams use QuickBooks because it is familiar and efficient.

Premium Accounting makes QuickBooks more usable for insurance by:

  • Removing spreadsheet dependency
  • Reducing manual reconciliation
  • Providing traceability behind posted numbers
  • Supporting audit and month-end close

This allows controllers and accounting managers to rely on QuickBooks without forcing it to do what it was never designed to do.

Not Just QuickBooks: Supports Enterprise Accounting Ledgers

While many MGAs and wholesalers use QuickBooks Online, Premium Accounting is not limited to it.

Premium Accounting is designed to synchronize with multiple accounting ledgers, including:

  • NetSuite
  • Xero
  • Workday

This flexibility allows Premium Accounting to scale with organizations as they grow in size and complexity, including larger MGAs and wholesalers running enterprise finance systems. For a full overview of supported systems, see how Premium Accounting integrates with insurance management systems and accounting ledgers.

Who This Integration Is For

The QuickBooks Online integration is ideal for organizations that:

  • Use QuickBooks as their general ledger
  • Manage complex insurance premium workflows
  • Rely on spreadsheets to bridge accounting gaps
  • Want better accounting without changing systems

It is most commonly adopted by MGAs and wholesalers evaluating insurance premium accounting software to replace manual processes.

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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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