# EvenPenny

> Financial operations for independent insurance agencies. Runs on exports from Vertafore AMS360. Agency-bill reconciliation uses 12 carrier statement formats across PDF, Excel, and CSV, including scanned PDFs read by OCR. New carrier formats are added during onboarding. Docket is in development and available to early customers. Direct bill is on the roadmap.

## Overview

- [Every penny. Accounted for.](https://evenpenny.com/): Reconcile carrier statements, review customer balances and producer commissions, and see the obligations behind your agency’s cash.
- [I built EvenPenny because I was the one doing the reconciliation.](https://evenpenny.com/about): Meet Nick DeAngelis, the founder behind EvenPenny’s approach to carrier reconciliation and financial operations for insurance agencies.
- [Practical guides for the agency back office](https://evenpenny.com/learn): Guides for carrier reconciliation, commissions, agency cash, and system exports. Start with a printable checklist and reconciliation workbook.

## Product

- [Carrier statement reconciliation for insurance agencies](https://evenpenny.com/agency-bill-reconciliation): Compare carrier statements with agency records, investigate differences, and prepare remittance detail with the payment history in view.
- [Receivables and collections for insurance agencies](https://evenpenny.com/insurance-agency-receivables-collections): Review customer aging, open invoices, and receipts. Prepare customer statements and make the next agency collections follow-up specific.
- [Carrier payables and remittance for insurance agencies](https://evenpenny.com/carrier-payables-remittance): Review carrier statement items, agency payables, and payment history before preparing and approving an insurance agency remittance.
- [Producer commission statements for insurance agencies](https://evenpenny.com/producer-commission-statements): Review cash-basis producer commission statements by date range, with transaction detail behind collections, adjustments, and prior payouts.
- [A financial dashboard for insurance agency owners](https://evenpenny.com/insurance-agency-owner-dashboard): See agency cash, carrier payables, customer balances, and producer commissions together, with the limits of the settlement view explained.
- [Docket keeps the loose ends in one place.](https://evenpenny.com/workflow): Track the open items between your management system, inbox, and reconciliation. Docket keeps the next step, owner, and weekly update together.
- [An AMS data layer for insurance agency finance](https://evenpenny.com/ams-data-layer): Use existing agency reports to review carrier balances, receivables, and commissions. Confirm export compatibility before onboarding.

## Who it is for

- [For benefits brokers.](https://evenpenny.com/for/benefits): For benefits brokers reviewing carrier-paid commissions. Agency bill is available today; direct bill is on the roadmap. Start with a sample export.
- [Keep commercial account changes in the financial story.](https://evenpenny.com/for/commercial-pc): Bring commercial agency-bill endorsements, audits, customer balances, and producer detail into a financial review built around your AMS360 exports.
- [Explain both sides of the wholesale balance.](https://evenpenny.com/for/mga-wholesale): Start an agency-bill review with retailer balances, carrier obligations, and the transactions connecting them. Bring your AMS360 exports to EvenPenny.
- [For personal lines agencies.](https://evenpenny.com/for/personal-lines): For personal lines agencies reviewing commission workflows. Agency bill is available today; direct bill is on the roadmap. Bring a sample export.
- [Follow the money behind every bond.](https://evenpenny.com/for/surety-agencies): Reconcile surety carrier statements against AMS360, work exceptions, prepare remittances, and follow the customer and producer balances behind each bond.

## Guides

- [A CPA’s Guide to Maximizing Construction Client Bonding Capacity](https://evenpenny.com/resources/cpa-guide-bonding-capacity): How CPAs can prepare contractor financials, explain working capital, and support a surety review. Adapted from Nick DeAngelis’s guide.
- [Agency Bill vs. Direct Bill: How the Money Moves](https://evenpenny.com/resources/agency-bill-vs-direct-bill): Compare who collects premium, who remits to the carrier, and what changes in an agency-bill or direct-bill reconciliation.
- [Carrier Statement Reconciliation: A Practical Checklist](https://evenpenny.com/resources/carrier-statement-reconciliation-checklist): A practical carrier reconciliation checklist: align source reports, review differences, trace payments, and prepare the remittance review.
- [An Insurance Agency Month-End Close Checklist](https://evenpenny.com/resources/insurance-agency-month-end-close): Review cash, receivables, carrier payables, producer commissions, and the financial statements in a consistent agency month-end close.
- [Cumulative vs activity carrier statements: what are you reconciling?](https://evenpenny.com/resources/carrier-statements-cumulative-vs-activity): Separate period activity, open balances, and applied payments before comparing a carrier statement with agency records.
- [Producer commissions: written, billed, collected, and payable](https://evenpenny.com/resources/producer-commissions-written-billed-collected): Understand written, billed, collected, and payable producer commissions, with a fictional calculation and statement-review checklist.
- [How to investigate insurance agency commission discrepancies](https://evenpenny.com/resources/insurance-commission-discrepancies): Check missing items, commission bases, rates, duplicates, timing, and adjustments before correcting an insurance commission difference.
- [Agency bill reconciliation in AMS360](https://evenpenny.com/learn/ams360-agency-bill-reconciliation): Reconcile agency-bill carrier statements in AMS360 with report selection, payment history, date checks, and a practical worksheet.
- [Direct bill carrier reconciliation: a practical agency guide](https://evenpenny.com/learn/direct-bill-reconciliation-guide): A practical guide to direct bill commission matching, carrier statement exceptions, payment timing, and a documented month-end review.
- [How much cash can I take out of my agency?](https://evenpenny.com/learn/agency-distribution-capacity): Review agency cash, premium obligations, operating needs, and expected collections before discussing an owner distribution.
- [Agency bill reconciliation in Applied Epic](https://evenpenny.com/learn/applied-epic-agency-bill-reconciliation): A practical Applied Epic agency-bill review method: premium payables, carrier statements, partial payments, surety exceptions, and controls.
- [iAutomate Erlon Surety and EvenPenny: what each one does.](https://evenpenny.com/compare/iautomate-surety): See how iAutomate Erlon Surety's bond workflow and EvenPenny's agency-bill reconciliation fit a surety agency's day-to-day work.
- [Agency bill reconciliation in Sagitta](https://evenpenny.com/learn/sagitta-agency-bill-reconciliation): Reconcile Sagitta agency-bill statements with report selection, payee checks, export controls, payment history, and a practical worksheet.
- [Premium trust accounts: a practical records guide](https://evenpenny.com/learn/premium-trust-account-guide): Understand premium fund records, gross and net balances, reconciliation, and account rules with a practical agency review process.

## Policies

- [Privacy policy](https://evenpenny.com/privacy): How EvenPenny handles demo, resource and contractor inquiries, requested agency introductions, and information collected through this website.
- [Website terms](https://evenpenny.com/terms): Terms for using EvenPenny’s marketing website, educational guides, and sample worksheets. Separate agreements govern any software subscription.

## For contractors

EvenPenny sells software to insurance agencies. This section is free information for contractors seeking surety bonds. EvenPenny is not a bond agency and does not issue bonds.
- [Getting bonded, explained from the other side of the desk](https://evenpenny.com/contractors): How contractors get bonded: what underwriters look for, how to get a first bond, how to grow capacity, what bonds cost, and what to have ready.
- [Why a surety won't bond your first job, and how to get around it](https://evenpenny.com/contractors/first-bond): Why new contractors struggle to get a first bond, how SBA guarantees work, and the practical alternatives to a long bonded-job history.
- [What a surety underwriter actually looks at](https://evenpenny.com/contractors/what-underwriters-look-at): Understand contractor bonding requirements: character, capacity, capital, CPA statements, working capital and the work-in-progress schedule.
- [How to increase your bonding capacity](https://evenpenny.com/contractors/increase-bonding-capacity): How retained earnings, clearer financials, reliable job reporting and a stronger completion record can support a contractor's bonding capacity.
- [Bid bond vs. performance bond vs. payment bond](https://evenpenny.com/contractors/bid-performance-payment-bonds): What bid, performance and payment bonds cover, when contractors need them, and how the three fit together from bidding through award.
- [What a surety bond actually costs](https://evenpenny.com/contractors/surety-bond-cost): Understand contract-bond premium, published rate ranges, sliding scales, SBA fees and the other costs to discuss before you bid.
- [What to have ready before you ask for a bond](https://evenpenny.com/contractors/bond-application-checklist): What to gather before requesting a contractor bond: company records, financials, job documents and questions for your first agency meeting.
- [Mistakes that kill a bond request](https://evenpenny.com/contractors/mistakes-that-kill-bond-requests): Common reasons contractor bond requests stall or get declined, what worries an underwriter, and how to prepare a stronger resubmission.

AMS360 and Sagitta are products of Vertafore; Applied Epic is a product of Applied Systems. HawkSoft and EZLynx are products of their respective owners. EvenPenny is not affiliated with or endorsed by any of them.

Full page copy: https://evenpenny.com/llms-full.txt