Premium Accounting

Premium Accounting is where you manage your premium collections, fee and commission payouts, and reimbursements. It is also where you access reinsurance reports.

Note: The exact features you can access in Premium Accounting depend on the permissions you have been granted in ESL Office by the ESL Office system administrator.

To access the module, click the Menu button, then choose Premium from the ESL Office applications list. The Premium window appears with the Receipts tab selected by default. Use the Premium Accounting administration pages to set up, configure, and administer the premium accounting module.

Note: Where the Premium module appears in the Application list depends on how your ESL Office installation is configured. If you cannot see the module, contact your ESL Office administrator to make sure you have permission to access the module.

Receipts Tab. Lists your receipts and allows you to view receipt details, edit receipts, enter new receipts, post and unpost receipts, allocate receipts and run receipts reports. You can also search for receipts using basic, advanced and query searches.

Premium Tab. Lists your invoices and receivables. Lets you create new invoices and view/edit existing invoices/receivables. You can also search for invoices or receivables using basic, advanced and query searches.

Expenses Tab. Lists your expenses. Lets you split payments, hold payments, write off expenses and submit expenses for payment. You can also search for expenses using basic, advanced and query searches.

Reporting Tab. Provides a centralized location where you can perform a number of different policy-related activities including managing receipts, premiums and expenses; running reports; and managing policy and premium journals.

Ledger Tab. Lets you reconcile the ledger and accounts. You can also return premiums and run ledger reports.

Check Register Tab. Lets you print or issue checks, split payments, void checks, print statements, and run reports.

Transfer Tab. Lets you manage transfers between bank accounts and run the bank transfers report.

Payout Tab. Lets you request checks, search payees, view payout by payee, carrier, treaty or payout details, and run payout reports.

Bordereaux Tab. Lets you view monthly or quarterly account statements summarizing the business ceded under a particular treaty.

Access the premium accounting administration pages by clicking the menu button, then Premium Administration from the Administrations list, then the desired administration page.

Premium Accounting Processes

Receipts

Invoices

Expenses

Policy Dashboard (Reporting)

Reconcile Ledger and Accounts

Setup and Configuration