Insurance Brokerage Accounting Software | HelloBooks.ai Accounting software for insurance brokerages: brokerage income by line of business, premium held in trust, insurer settlement, and persistency bonus receivable.
HelloBooks.ai is accounting software for insurance brokerages placing policies across multiple lines of business — not a generic services ledger asked to guess at the split after the fact. HelloBooks tracks Brokerage Income by line of business, alongside Commission Receivable for what's earned but not yet collected, so the mix is visible at a glance instead of buried in a single blended commission figure.
Client premium gets the same attention. When you collect premium from a client, that money belongs to the insurer, not to your brokerage — it's held in trust until it's remitted. HelloBooks tracks Premium Held in Trust as its own segregated account, distinct from brokerage income, so client and insurer money never gets mixed into revenue you haven't actually earned.
Insurer settlement and persistency bonuses are where a generic ledger falls short for this industry. After commission is deducted, what's left is still owed to the insurer — HelloBooks tracks Insurer Settlement as its own liability, net of commission. On the other side, many brokerages earn a bonus tied to keeping policies in force; HelloBooks tracks Persistency Bonus Receivable separately, so that earned-over-time bonus doesn't get lost in a single commission number.
Insurance brokerage accounting software for brokerage income, premium held in trust, and insurer settlement
Insurance Brokerage BookkeepingBuilt for commission, trust money and settlement alike.
See Brokerage Income by line of business, with client premium held in trust — not counted as your revenue — and insurer settlement tracked net of commission.
- Brokerage Income tracked by line of business, not one blended commission total.
- Premium Held in Trust kept segregated, distinct from income you've actually earned.
- Insurer Settlement and Persistency Bonus Receivable tracked as their own accounts.
Live-style mockup · income by line of business
Premium you collect isn't premium you've earned.
When you collect premium from a client, that money belongs to the insurer until it's remitted — not to your brokerage. HelloBooks tracks Premium Held in Trust as its own segregated account, kept distinct from Brokerage Income, so client and insurer money never gets counted as revenue.
- Premium Held in Trust tracked per insurer, segregated from operating funds.
- Remittance history kept alongside the balance still held, so you can see the full cycle.
- Kept entirely separate from Brokerage Income and Commission Receivable.
What you owe the insurer, and what renewals earn you.
After commission is deducted, what's left of the premium is still owed to the insurer — HelloBooks tracks Insurer Settlement as its own liability, net of commission. On the other side, a persistency bonus tied to keeping policies renewed is tracked as Persistency Bonus Receivable, separately from ordinary commission.
- Insurer Settlement tracked per insurer, net of commission retained.
- Persistency Bonus Receivable tracked per line of business, alongside renewal rates.
- Kept separate from Premium Held in Trust, which belongs to the insurer, not you.
Insurance Brokerage — Frequently Asked Questions
Answers to how HelloBooks fits into your brokerage business.
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