5 Accounting Mistakes Agencies Make

Share!

Insurance Journal - Oct 19, 2025

Lack of Identifying Revenue Source. Treating all income as commissions will not allow proper analysis and may potentially create false impressions of the actual revenue. Use accrual accounting to distinguish between agency-billed and direct-billed commissions. Separately identify commissions, agency...

Read Full Article

Recommended Articles

Iowa AG Sues Meta Over Alleged Deceptive Practices on Instagram

Posted: Apr 10, 2026

Iowa Attorney General Brenna Bird announced she has filed a lawsuit against Meta and several of its...

Inszone Acquires Oklahoma’s Schuessler

Posted: Apr 10, 2026

Inszone Insurance Services announced its expansion in Oklahoma through the acquisition of Schuessler...

Markel Expands in Australia With Office in Perth

Posted: Apr 10, 2026

Markel Insurance, the insurance operations within Markel Group Inc., announced the opening of a new...