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

🎶 It’s The Most Wonderful Time of the Year 🎶 – Finishing 2023 Strong To Make 2024 Super!

It’s the most wonderful time of the year!  Right? Yes! As the end of the year approaches, there are several crucial tasks that need–and should–be completed to ensure you enter 2024 well-prepared.  Some are accounting/financial, some are strategic, but all are important! Here’s a quick overview of steps to help prepare for a smooth year-end … Read more

Mastering the Art of Balance ⚖️ – Understanding An Agency’s Balance Sheet

In a previous article, we discussed the structure and importance of an Income Statement. Today, we are going to review another core financial statement: the Balance Sheet. The Essence of a Balance Sheet in an Insurance Agency Understanding the difference between the Income Statement and the Balance Sheet is crucial. The Income Statement, representing financial … Read more