BUILT AROUND AGENCY-BILL WORK
A financial dashboard for insurance agency owners
Your bank balance is the starting point. EvenPenny puts verified carrier obligations, producer commissions, upcoming payroll, and known expenses beside it so you can see what's left.
How it works
- EvenPenny brings the cash balance into the owner view for the review cutoff. You see the starting cash in bank.
EvenPenny brings the cash balance into the owner view for the review cutoff. You see the starting cash in bank. - EvenPenny rolls up the carrier payables verified against carrier statements. You see the carrier obligations beside the cash.
EvenPenny rolls up the carrier payables verified against carrier statements. You see the carrier obligations beside the cash. - EvenPenny brings producer commissions payable into the same view. You see the producer amounts alongside the carrier obligations.
EvenPenny brings producer commissions payable into the same view. You see the producer amounts alongside the carrier obligations. - EvenPenny includes upcoming payroll and known expenses in the review. You see the near-term operating amounts before the remainder.
EvenPenny includes upcoming payroll and known expenses in the review. You see the near-term operating amounts before the remainder. - EvenPenny subtracts those obligations and expenses from cash. You see the amount available before owner decisions and the components behind it.
EvenPenny subtracts those obligations and expenses from cash. You see the amount available before owner decisions and the components behind it.
The owner decides exceptions, reserves, distributions, and payment timing; the agency approves and sends payments.
Follow the amounts
| Owner view | Amount |
|---|---|
| Cash in bank | $100,000 |
| Less verified carrier obligations | ($62,000) |
| Less producer commissions payable | ($8,000) |
| Less upcoming payroll and known expenses | ($10,000) |
| Equals available before owner decisions | $20,000 |
Taxes, reserves, and timing are the owner's call; this view puts the obligations in one place first.
What your team gets
- Cash and obligations at one cutoff.
- Verified carrier payables and producer amounts in one place.
- Upcoming payroll, known expenses, and the remainder before owner decisions.
Make the owner decision with the obligations visible
Review the source balances, open exceptions, tax needs, reserve policy, and upcoming commitments together. Follow the distribution guide for a repeatable review.
Start with the reports you already use
Runs on exports from Vertafore AMS360.
Running Applied Epic, HawkSoft, or EZLynx? Send us a sample export and we'll tell you what it takes.
Common questions
- Why start with cash and subtract obligations?
- The bank balance includes amounts committed to carriers, producers, and upcoming operations. Putting those amounts together explains the remainder.
- What does verified carrier payable mean?
- Carrier payable matched against the carrier’s own statement, with the transaction evidence behind it.
- Which cutoff should the owner view use?
- Use a consistent cutoff for cash, carrier obligations, producer commissions, and upcoming expenses, then explain activity that crosses it.