Accurate. Efficient. Accessible

Servicing all of Washington

Easy Compliance to Audit Regulations

IACS is a proven system for Insurance Agencies and Brokerages to minimize your administrative time and simplify the process for meeting the OIC (Office of Insurance Commissioner) and Washington State accounting regulations.

We're Here to Help!

Our vision is to facilitate compliance of OIC regulations throughout the insurance agency industry. We want to bridge the gap between agencies & the OIC for quicker, smoother and compliant audits.

Contact us today to discuss your needs.

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OIC Trained

Licensed & Insured | Flexible Schedules

IACS systems allow you to meet required state regulatory accounting standards with ease!

No long term contracts. We accept checks, cash & all major credit cards.

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Do You Know

Double-Entry Bookkeeping System

A conventional double-entry bookkeeping system works the best for insurance agencies.

Two Separate Accounts

You are required to have two separate accounts.

Your Bookkeeping System

Your bookkeeping system must provide the means to trace any transaction back to its original source.

Trust Account

You can have an interest – receiving trust account.

Auditors

Auditors want to see balance sheets and P&L for each month.

Customer Receipts

You must keep a copy of customer receipts for payment of premiums.

Return Premiums

Return premiums must be refunded within 30 days.

Responsibility

It is your responsibility to identify canceled premiums.

Canceled Premiums (Policies)

Canceled premiums (policies) often entail “unearned commission” which means you need to return some of that money you were paid back into the premium account.

Premium (Trust) Account

You can leave commissions in the premium (trust) account as “reserved funds” or “additional funds”.

Policies

Policies must be bound (effective) before you deposit the commission into the operating account.

Testimonials

"I have owned my insurance business agency for the last 14 years. While I am able to answer most insurance questions easily, bookkeeping is not one of my strong suits. I rely on Wilene to be my accounting expert. In 2017, the Insurance Commissioner conducted a routine audit of our agency. Audits can be stressful! However, Wilene took all that stress away. She was able to communicate and work directly with the auditor; quickly able to answer questions and provide documentation to the OIC. The insurance industry has many unique requirements for account and record keeping. Wilene intimately understands these requirements. She can quickly and effectively track and manage all of your accounting needs, ensuring compliance to insurance regulations. I would highly recommend using her services."

Frank Rodriguez

Sound Business Insurance

Gig Harbor, WA

"I highly recommend Wilene and her team. They were able to step into a huge project, solve the earlier issues and create a new schedule, which balanced our books. They operate as a team, easy and friendly to work with, and Wilene has many years of experience which created a sense of comfort and trust."

Vicki Nokleby
Principal

Ethix Insurance Group

Tacoma, WA

"I first contacted Wilene's office for bookkeeping services, in January 2009. A colleague recommended her. I needed a company I could trust, of the highest integrity and who was very diligent in bookkeeping matters. I had decided to utilize Quickbooks and was unfamiliar with it. Wilene quickly demonstrated her knowledge of Quickbooks, helped me organize my accounts and correctly set up additional features. She exceeded my expectations and continues to assist me whenever I need help. If you need a dependable, trustworthy, and dedicated bookkeeping experts, I highly recommend Wilene's office."

Donald A. Bambeneck ||

Bambeneck Investigative Group