From Ancient Rome to Your Insurance Agency: The Enduring Legacy of Fiduciary Duty

Accountants (and bookkeepers) fulfill several roles for our clients – risk managers, advocates, confidants, and fiduciary to name a few.  All these roles are vital, but from an accounting view one stands out above the rest:  fiduciary.   The concept of a fiduciary or trustee has spanned centuries and industries, but the core principle is … Read more

Enforcing Financial Integrity – The Importance of Separation of Duties

Financial management is difficult enough in the business world, but when you add the additional layer of complexity with fiduciary accounting (anything that deals with an insured’s money!), it is vital that an agency has processes in place that ensure integrity, accuracy, and security of accounting information. One key principle that plays a pivotal role … Read more

A/R, A/P, Oh My!

You have started preparing for year-end.  You’ve been reading our weekly articles, and performance reviews are done (or scheduled!).  Now what?  It’s time to dig deep into your receivables and payables.  This is daunting for an insurance agency that processes agency bill invoices, but it is an important part of your month end and year … Read more

Unleashing Growth: The 🎨 Art 🖼️ of Conducting Year-End Reviews

A few weeks ago, we posted a year-end checklist that included employee performance assessments as an action item.  It is no secret that employee performance appraisals have an overwhelmingly negative reputation. Opinions vary greatly, but some of the most common feedback I hear is:  they are a waste of time, the feedback doesn’t go anywhere, … Read more