ACCOUNTING FOR INSURANCE COMPANIES

Continuous pressure to optimize professional efficiency has forced insurance companies, agencies and brokers around the world to look for completely new ways like outsourcing services. eMinds CA’s Scalable Insurance Business Accounting Services also includes staff to handle in-house bookkeepers and accounting professionals. We provide a level of dependency, persistence and ability that is specific to insurance businesses. With a fraction of the division of an entire account, you will take advantage of the benefits of both worlds – without any difficulty.

Bookkeeping, account reconciliation, tax preparation with other accounting services for insurance companies are just some of the offerings that we increase for you. Our team can take care of all your daily accounting and bookkeeping activities through the revolutionary insurance agency accounting software so that you can focus on running your business efficiently. In addition, we can easily set new accounting software of your choice, train your staff and can help you in using in-house. We can monitor your insurance bookings on a month-by-month, quarter or yearly basis. We ensure that there is sufficient control over the accounts of our customers, regular follow-up on outstanding invoices and comprehensive reporting on account activities.

ACCOUNTING SERVICES FOR INSURANCE BUSINESS

Insurance Accounting Services

Monthly/Quarterly/Yearly Financial Reports
Preparation Tax Authority Returns
Management Reports
Payroll Processing Services
Fixed Asset Management
Financial Analysis
Profit and Loss Statement

Insurance Bookkeeping Services

Accounts Payable Services
Accounts Receivable Services
Insurance Data Entry
Carrier Statement Reconciliation
Maintaining General Ledger
Income Statement and Balance Sheet Preparation
Customized Reports
Tax Authority Reconciliation
Retail Agent Reconciliation

BOOK KEEPER

$10 per hour

$900 per month
  • Under this engagement model, we charge on the basis of the hours spent on the project.
  • We charge 40-50 percent per transaction for a payment of USD 250 per month.
ACCOUNTANT

$12 per hour

$1400 per month
  • Under this engagement model, we charge on the basis of the hours spent on the project.
  • We charge 40-50 percent per transaction for a payment of USD 250 per month.
SENIOR ACCOUNTANT

$15 per hour

$1800 per month
  • Under this engagement model, we charge on the basis of the hours spent on the project.
  • We charge 40-50 percent per transaction for a payment of USD 250 per month.

FTE BASED

This is a pricing model under which we deploy a number of dedicated full-time human power because the customer will be in their home country according to the needs of their project. In fact, the engine offers the opportunity to be a “virtual employee” on the offshore location of low cost without any employee liability. Dedicated Full Time Employee with Dynamic infrastructure is dedicated to the client model, which not only helps in reducing cost but ensures high project monitoring so that time and quality delivery can be ensured. Under the CCD model, a fixed price is charged per customer per employee per month, depending on the number of people posted on it. Depending on the skill, experience and expertise set out in the fee, the difference is 1000 USD per month to 3000 USD per month.

Ready Reckoner App

In this complex world of financial accounting, you need a simple APP to calculate the future value of money.

Tax Advisory Service

Our expertise in this area is legendary as we have established our presence in this segment as a reliable firm.

Business & Financial Services

We have dedicated professionals in our pay roles who offer financial, advisory as well as consulting advice.

WHY OUTSOURCE INSURANCE ACCOUNTING TO eMinds CA?

Best Talent Pool

If you engage with our insurance accounting firm, you usually get access to a broad talent store, which is useful and ideal for your business.

Better Use of Time

With accounting outsourcing for insurance companies, you release the precious time which can be allocated on daily activities and attracted new customers.

High Accuracy Rate

Accounting for insurance agencies or brokers can be beneficial in relation to driving driving results, which can be up to 99.95%.

Never Skip a Payment

There is no need to worry about the paid bills or invoices not coming on time. When you send your insurance agency to us, your invoices and payments go on time.

Up-to-date Technology

Due to technical development, the market is developing on a daily basis. Businesses can use such progressive technology through outsourcing.

Reduce Overhead Expenses

Our insurance company accounting services can help you save money by cutting out the comprehensive pay packages for a full-time employee.

Multiple Accounting Software

Our team can work on various accounting software available in the market. If necessary, we can work on your existing software or help you buy new ones.

Quicker Turnaround Time

In essence, outsourcing allows you to get quality accounting for insurance businesses within the defined time range, so you can assist in many ways.

Creative Financial Management

Cash Flow
Liquidity
Assets Under Management
Investments

Request a Free Consultation Today!

Request Consultation
img

Financial Reporting

Combining transparency with accurate reporting, your numbers are compiled for final reporting.

Cost Accounting

We help our clients to improve their overall profitability in a way that can be termed as advisory.

Investment Strategy

We believe our expertise is for sharing and we go about doing it in right earnest!

Tax Planning

The future value of money is taken into account and planning is done accordingly.

Frequently Asked Questions

Using this section, get all the clarifications for your questions and doubts about outsourcing, finance, and investments. We love to clarify your doubts and get you back to your business real quick with more confidence.

Why should I outsource my support functions?
What are the main benefits of offshore outsourcing?
What Accounting functions can be outsourced?

Tax Planning

Methods

Manage your taxes wisely!