USA Insurance Broker Accounting

A

accounting1973

Joined
Mar 8, 2016
Messages
1
Reaction score
0
Country
United States
I would like to know how you would post a Net Down which includes a percentage of premium to carrier, a percentage of commission to carrier, a percentage of commission to us the broker. How do I invoice the client? Would the amount of the invoice go into a liability account and then I make a J/E to sales for the amount of commission to brokerage (us)?
 
You must log in or register to reply here.

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

USA Record Condo Insurance Premium Financing? 1
Life Insurance Policy owned by Company Accounting Treatment? 0
UK Ltd company and Director's company car insurance 0
Australia Insurance Claim on MV Rental Car Business 0
USA Insurance Double entry 3
USA How to enter insurance proceeds on Schedule C 4
UK National Insurance contributions 0
UK Insurance brokers client money 0

Top