Records ready for an audit
Every reconciled statement is stored with its own record, so an audit or a carrier dispute doesn't start with rebuilding the file.
Applied Epic® Insurance accounting
Post an invoice or a commission entry and the policy, carrier and producer details come with it. Insurance agency accounting software inside Applied Epic keeps them together.
A receipt applied to the wrong invoice one month continues to surface the next month, when the trust account won't reconcile and nobody remembers why.
In Applied Epic, every receipt, invoice and commission posts against its policy, so the numbers agree before you close.
What Applied Epic accounting changes for a controller
Every reconciled statement is stored with its own record, so an audit or a carrier dispute doesn't start with rebuilding the file.
Premium held for carriers stays separate from operating funds as a matter of course, so a state audit isn't a scramble.
Recurring entries and period controls run on their own, so the close doesn't depend on one person's memory of what to post.
A misapplied entry shows up at the point it's posted, so a correction takes minutes instead of a hunt through last quarter.
Producer splits and carrier data get checked against the agreement before payout, so overpayments don't have to be clawed back.
How it works
Invoicing straight from the policy
Calculate premium, taxes and commissions automatically instead of building an invoice by hand.
Handle agency bill and direct bill in one system
Collect from insureds and remit to carriers here, whichever billing method the policy uses.
Tie payables and receivables to the policy
Record carrier payables, accrued commissions and taxes payable in real time, not in a ledger reconciled later.
How it works
Let recurring entries post on their own
Free month-end from the accounting lead's memory of what needs keying by hand.
Keep a period closed that you've already closed
Block new postings once a month or year closes, unless someone deliberately reopens it.
See commission by producer and carrier
Check agreements, producer splits and carrier statement data against each other before commission gets paid out.
Everything a controller needs to run the books, close the month and prove it at audit.
Agency bill and direct bill structures, splits and carrier rates are set once per agreement.
Transactions map across operating and trust accounts, so the chart of accounts matches how you book insurance.
Insured premium receipts are automatically kept separate from operating funds, keeping trust balances compliant.
Profitability tracks against prior periods without exporting data or rebuilding the report by hand.
Bank reconciliation, GL detail and trust ledger reports pull in an audit-ready view.
Earned, paid and outstanding commission shows by producer and by carrier at any point.
80%
Journal entry adoption
General ledger customers work entries next to the policy and carrier detail they post against.
85%
Bank reconciliation in Epic
Journal entry customers reconciling bank statements in the same books that carry trust activity.
Insurance agency accounting software is built around the policy rather than a generic chart of accounts, because every entry ties to a policy, a carrier and a producer. Applied Epic builds accounting into the agency management system, so invoicing, trust accounting and the general ledger work from the same policy and client detail as the rest of the agency – no export, no separate login.
Yes. Applied Epic supports both agency bill and direct bill workflows inside the same system, managing collection from insureds and remittance to carriers regardless of which billing method a given policy uses. Payables, accrued commissions, and taxes post against the policy in real time either way.
Trust accounting keeps insured premium receipts separate from the agency’s operating funds, which is a compliance requirement in most states. Applied Epic maintains trust balances automatically as transactions post, so accounting staff isn’t manually segregating funds or reconstructing the trust ledger for an audit.
An insurance agency’s general ledger has to account for policy-level activity – commissions, agency and direct bill entries, trust transfers – alongside standard corporate accounts. Accounting maps both into a single chart of accounts, so the GL reflects how the agency books insurance transactions instead of forcing that activity into a generic corporate template.
The accounting software that scales with a growing agency is the one that doesn’t depend on one person’s manual process to close the books. Automated journal entries and period-close controls in Applied Epic enforce the same close process across insurance and corporate entries regardless of headcount, so month-end doesn’t get harder to run as the book grows.
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