Accounting Classes

System Setup Implications for Accounting and Month-End

Duration: 3 hours

Audience: Accounting / Managers

When an agency goes live on TAM certain accounting setup choices are made. These determine what month-end system-generated journal entries are created. This is a review of the available options and their implications for month-end reporting; how to run month-end reports that match the TAM-generated J/E's, and running reports to substantiate balance sheet figures.

WinTAM Accounting - Reconciliations

Duration: 3 hours

Audience: Accounting

This session will include a review of how to reconcile agency billed items, direct billed items, and the checkbook reconciliation routine. Reconciliation procedures provide accuracy and control of what is invoiced and paid by the insured, what payments have been made to the company, and how producers are paid. Accurate reconciliation of agency billed items is fundamental to using TAM to substantiate your agency trust account.

Trust Accounting

Duration: 3 hours

Audience: Accounting / Managers

This is a collection of material focused on assisting agencies to maintain their trust account appropriately. A distinction is drawn between "general ledger" and "trust" accounting, in that trust accounting assistance is rarely obtainable from other sources. This includes a discussion of TAM's reports and their impact on trust accounting as well as the process by which an agency validates its trust account and proves they are not "into trust."

Invoicing for Accounting Personnel

Duration: 1.5 hours

Audience: Accounting

This session will review invoicing issues and is directed at accounting staff. Accounting staff should be the foremost invoicing experts even though they are not the primary invoicing personnel. This is the first step in insurance accounting. Topics will include financing issues, account views, journal entries at the client level, reporting to track accuracy, and managing binder billing.