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...ry information to discover any cash gaps. Simply match the projected expense a...

... with the principle Agency debts to be collected Deposits and new business-but only if they're to be remitted in the time frame being addressed, and then only commission income Credits and refunds if they reduce cash outlay MAKING ADJUSTMENTS You now have the necessary information to discover any cash gaps. Simply match the projected expense against the expected cash income for the period under review. This is not net income. Short-term cash needs may be adequate, but could still lead to a shortfall by year's end. A worse scenario would be insufficient cash for ... , checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back A Cash-Flow Budget For An Insurance Agency 4/30/2013 12:00:00 AM by CompleteMarkets Editor , Zachary Berhau This content has not been rated yet. Some agencies show a paper profit year in and year out. Suddenly one day, they're in financial difficulty. How can ... businesses sell tangible products that create inventory. When cash is needed, they simply sell off part of their inventory, at or below cost, to raise the money. If an agency has this problem, it can't raise money by running a sale on Homeowners and Auto policies or offering Commercial Lines at a discount. The money must come from reserves, personal funds, or a loan. Each of these solutions requires planning. Banks look at cash flow and a balance sheet before lending money, and the days of looking to ...

...ed benefits, you may have insurance gaps. And, if you are self-employed-with a...hborhood prompted Kay to review her insurance to ensure that her business is a...