Bookkeeping Services for Insurance Agencies & Agents

The Giersch Group serves insurance agents all over the nation from our our locations in Madison, Milwaukee & Brookfield, WI.

Affordable, professional bookkeeping for captive and independent insurance agents

Bookkeeping for insurance agencies in Milwaukee and Madison Wisconsin

Our bookkeeping services for the insurance industry provide CPA-ready books, regular financial reporting & online accounting support at affordable rates.

As an agent, you know how important it is to keep your finances organized. Failing to keep track of and document expenses and revenue not only leaves you clueless as to how your business is doing, but it also makes tax time a mad scramble to locate the paperwork you need. That’s where The Giersch Group can help.

We specialize in bookkeeping and accounting services for all types of small and mid-size businesses, including insurance agencies and insurance brokers. Coming from a family of entrepreneurs, and as small business owners ourselves, we understand the hardships small businesses face. Our experienced bookkeepers not only take the burden of dealing with the numbers off your plate, but also help you make better business decisions.

We offer free, no-obligation consultations online, or at our offices in Milwaukee, Brookfield or Madison. While we draw many of our clients from southeast Wisconsin, our 100% virtual services are available nationwide.

Get a Free Consultation

QuickBooks™ Online for Insurance Agencies

As a professional bookkeeping service, we provide regular reports, CPA-ready books, and online accounting support at an affordable price. We highly recommend migrating your accounting records to QuickBooks™ Online and can help you choose the best version for your needs. We can also help with the transfer of your data to QuickBooks.

As a certified QuickBooks™ Online ProAdvisor, we can provide training and support in QuickBooks™ so you know how to use your financial statements to improve your business operations. You can have us set up QuickBooks™ and get you acclimated, have us clean up your books and review them periodically for accuracy, or have us handle all your bookkeeping.

QuickBooks™ accounting services for insurance agents include:

QuickBooks™ installation & setup as a standalone service
A review of your books to ensure accuracy
Organizing your books and fixing any mistakes we find
Training on how to view & interpret your financial statements
Training on how to use QuickBooks™ advanced features
Ongoing support for QuickBooks™ programs including payroll, accounts receivable, accounts payable, job costing, customized reporting and inventory tracking
Complete bookkeeping support and regular reporting in full accrual accounting

Bookkeeping Reporting Packages for Insurance Agents

The Giersch Group offers monthly, quarterly or annual reporting packages in full accrual accounting, which includes:

Beginning balance sheet for the period
Ending balance sheet for the period
Income statement for the period vs. budget and/or previous period
YTD income statement vs. budget and/or previous period
Cash flow statement for the period
Company dashboard of basic financial ratios

Our reports are more than just numbers on a page. We offer suggestions for how to use these numbers to grow your business and improve your profitability.

Affordable professional accounting services for insurance industry professionals

The Giersch Group works with businesses of all sizes, so we are very adept at customizing our services to each business’s needs and budget. We get to know your business, and the unique challenges you face. From there develop a custom plan that addresses both your needs and your budget.

We understand cost is always a concern for small, independent insurance agents. Rest assured that with our team you will get corporate-quality bookkeeping services for far less than the cost of hiring a full-time bookkeeper for your business.

Although online accounting services are the primary services we offer, we also help insurance agents with these services:

We specialize in franchise accounting and consulting and can help your insurance franchise generate more profit through a better relationship with your numbers.

Service area for outsourced & onsite insurance agency bookkeeping services

Our outsourced bookkeeping services for insurance agents are available anywhere in or outside of Wisconsin. From our offices in Milwaukee, Madison and Brookfield we primarily serve insurance agencies & insurance industry professionals located in and around Milwaukee, Dane, Ozaukee, Washington and Waukesha counties.

Milwaukee County bookkeepers serving: Downtown Milwaukee, Shorewood, Whitefish Bay, Glendale, Fox Point, River Hills, Brown Deer, Granville, Butler, Wauwatosa, West Allis, Greenfield, Hales Corners, Greendale, Franklin, Oak Creek, South Milwaukee, Cudahy, St. Francis & everywhere in between.

Dane County bookkeepers serving: Madison, Middleton, Waunakee, Windsor, Sun Prairie, Cottage Grove, McFarland, Fitchburg, Verona, Riley, Pine Bluff, Cross Plains, Springfield Corners, Black Earth, Mazomanie, Mt. Horeb, Belleville, Rutland, Stoughton, Kengosa, Deerfield, Monona & everywhere in between.

Ozaukee County bookkeepers serving: Mequon, Thiensville, Cedarburg, Lakefield, Grafton, Saukville, Port Washington, Knellsville, Newburg, Waubeka, Fredonia, Holy Cross, Belgium, Dacada & everywhere in between.

Waukesha County bookkeepers serving: Waukesha, Brookfield, New Berlin, Muskego, Big Bend, Vernon, Mukwonago, Jericho, Eagle, North Prairie, Saylesville, Genesee Depot, Ottawa, Wales, Dousman, Delafield, Oconomowoc, Monterey, Nashotah, Hartland, Merton, Town of Lisbon, Sussex, Lannon, Menomonee Falls, Butler, Pewaukee & everywhere in between.

Washington County bookkeepers serving: Germantown, Hubertus, Richfield, Thompson, Ackerville, Hartford, Kirchhayn, Jackson, Cedar Creek, Slinger, Cedar Lake, St. Lawrence, Allenton, Addison, St. Anthony, Kohlsville, Wayne, Kewaskum, Boltonville, Fillmore, Cheeseville, Young America, West Bend, Nabob and everywhere in between.

Get a free insurance agency bookkeeping consultation

Take advantage of a free consultation with the Giersch Group to learn more about our services for insurance agents. There’s no obligation to hire us, or to buy anything, and you can meet with us virtually, or in our Milwaukee, Brookfield or Madison—whichever is most convenient for you. Our services are 100% online and available nationwide.

Contact us online or give us call to schedule your free bookkeeping consultation.

Frequently Asked Questions:

What type of accounting is insurance?

The unique financial relationship insurance companies have with policyholders warrants special accounting principles known as Statutory Accounting Principles (SAP). Giersch Group has the experience to guide your business through these guidelines.

Is an insurance company's annual statement different than other companies?

Yes. Unlike traditional businesses, an insurance company's annual statement indicated its value as if it were in liquidation rather than continuing in business. Giersch Group's full accrual reports are more than numbers and offer suggestions on how to use the data towards higher profitability.

Do insurance companies file GAAP and SAP?

If the insurance company is a stock corporation, like most, accountants file both. Investors can get an accurate estimate of outstanding claims versus revenues. Giersch Group advisors have the expertise to walk you through this process.