Why use the LGAA Accounting Center?
Leavitt Group Accounting Center (LGAC) is a centralized accounting service which offers agencies a high quality, cost effective option to performing daily bookkeeping and accounting functions in-house, allowing staff to focus on core agency business activities.
Reporting
- Month End Financials
- Customer Aged Receivable weekly or monthly
- Customer Statements
- All accounting documents stored electronically
Cash Management
- Monitor bank balances
- Perform Trust calculation
- Resolve Bank Reconciliation issues
- Check issuance; or via ACH
Direct Bill Commisions
- Import or entry of direct bill commissions
- Retrieve commission statements online
- Confirm accurate producer commissions
- Reconcile receipts to production
Trust Accounting
- Reconcile and pay carrier statements
- Monitor advance payments to carriers
- Post client payments and sweeps to carriers
- Customer receivable balance reconciliation
Producer Payables
- Create Producer Statements
- Monitor producer commissions for accuracy
- Perform corrections as needed
Operating Accounting
- Pay vendor and other operating payables
- Collect and maintain W4 information
- Record payroll transactions
- Record deposits and electronic fund transfers
Benefits
- Experienced accounting team works with your agency
- Avoid disruptions from employee absences or turnover
- In-agency staff freed to focus on core agency business, sales and service
- Cost effective solution for agencies requiring part time or full time accounting support
- Eliminate agency responsibility to hire, train and manage accounting staff
- Reduced exposure to fraud or employee dishonesty