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 COMMISSIONS
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