Cash in bank
- Operating account
- Premium account
Built from the agency side of the desk.
Every penny.
Accounted for.
Your management system records the book. EvenPenny reconciles it, collects on it, and shows you what is really yours.
THE OWNER VIEW
Your bank balance isn't your money
Start with the cash. Put the obligations beside it. See what is left before deciding what to do with it.
Example Agency
Financial overview · Click an amount to see the detail
Verified carrier obligations
- Ready to remit
- Awaiting collection
Producer commissions payable
- Collected commissions
- Return adjustment
Cash-basis statements
Available before owner decisions
- Carrier + producer obligations
- Payroll + known expenses
AR outstanding
Customer balances by age in days. Select a bucket to see its invoices and credits.
Upcoming payroll & known expenses
Included in the amount available before owner decisions.
Needs review
2 unverified statement items. Resolve these before the owner decision.
YTD collected commission rate
Sample target 25%
The obligations, before the owner decision.
Taxes, reserves, and timing are the owner's call; this view puts the obligations in one place first.
Interactive example · All names, accounts, and figures are fictional.
THE DETAIL BEHIND THE NUMBERS
From a statement to a clear next step.
Compare the records, open a row, and see what explains the difference.
Statement reconciliation
6 of 6 items shown
| Customer / policy or bond | Carrier payable | Agency payable | Status | Details |
|---|---|---|---|---|
| CP-10428 · Commercial package | $12,600 | $12,600 | Ready to remit | |
| GL-10436 · General liability | $2,700 | $2,450 | Amount difference | |
| SB-10441 · Contract bond | $6,800 | $6,800 | Ready to remit | |
| GL-10452 · General liability | $1,900 | No record | Missing agency record | |
| CA-10467 · Commercial auto | $2,800 | $2,800 | Ready to remit | |
| SB-10470 · Contract bond | $3,100 | $3,100 | Already paid |
Fictional sample data. This preview does not move money or change agency records.
The financial work behind the book
Carrier statements, customer balances, producer commissions, and the bank each show a different part of the same business. EvenPenny brings the records together so you can follow an amount from its source to the next action.
Runs on exports from Vertafore AMS360.
12 carrier statement formats. PDF, Excel, and CSV, including scanned PDFs read by OCR. New carrier formats are added during onboarding.
THE WORK BEHIND THE NUMBERS
Start with the financial job
01
Carrier reconciliation
Reconcile agency-bill carrier statements and separate ready-to-remit items from exceptions and prior payments.
02Receivables & collections
Organize customer balances into a collections view with invoice and receipt detail.
03Carrier payables
Prepare carrier remittances from verified obligations.
04Producer commissions
Explain producer commissions from the transaction through the payout calculation.
05Owner dashboard
Bring carrier obligations, producer payables, and upcoming expenses into the owner view.
06Docket
Track unresolved items with Docket. Docket is in development and available to early customers.
The reports you run
The starting point is the AMS360 general ledger, transaction, and activity exports, plus your carrier statements. Nick runs onboarding with one carrier and one statement period.
Running Applied Epic, HawkSoft, or EZLynx? Send us a sample export and we'll tell you what it takes.
Built around agency-bill work
Start with the workflow your agency owns: commercial P&C agency-bill balances, surety reconciliation, or another agency-bill review. The audience guides walk through the records, responsibilities, and questions behind each one.
Who it is for
BUILT WHILE DOING THE WORK
A note from Nick
I built EvenPenny while serving as fractional CFO for a surety brokerage, to replace my own reconciliation spreadsheets. It worked because I was doing the accounting and the building at the same time. Now I run it for other agencies.
Start with the carrier reconciliation checklist
Use the free checklist to define the statement period, compare transaction detail, explain exceptions, and prepare the remittance. The resource library adds worked examples and a reconciliation workbook.
Common questions
- Who is EvenPenny built for?
- Independent insurance agencies and brokerages managing agency-bill reconciliation, collections, carrier payables, producer commissions, and the owner’s financial review.
- Does EvenPenny execute carrier or producer payments?
- EvenPenny prepares the reports and remittance detail. Your agency approves and sends carrier and producer payments.
- What should we bring to the first conversation?
- Start with the AMS360 general ledger, transaction, and activity exports, one carrier statement, and one statement period. Use demo records or an agreed method for sharing agency data.