Setting Up Your Agency (Users, Profiles, Accounting)

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Ic description black 24dp.png Newton User Guide: Setup Profiles
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Contents

User Setup

Producer Profile information is used to maintain profile data on the all agency employees. Anyone who works for the agency and/or needs to access Agency Systems is considered a Producer.

Producer refers not only to salesmen, but also to customer service representatives, operators, receptionists, and any employee of the Agency.

Ic info black 24dp.png See: Producer Profile for more information.

Profile Settings

Configuring your Agency Profile is an important step to going live with Newton. These steps must be complete after your final conversion data is in place. To begin, select the Profiles menu at the top of the Client Explorer window. Here, you will configure your agency profile, lines of business, companies, producers, commission rates, and will ensure success with Newton, by Agency Systems.

Ic info black 24dp.png See: Agency Profile for more information.

Bank Setup

The Bank Profile screen is a list of codes which represent each of the different banks used within Newton. A bank code is assigned to each Cash, Check, and Journal Transaction when applicable.

For example:

101 - Operating Account
102 - Premium Trust
200 - Cash On Hand

Ic info black 24dp.png See: Bank Profile for more information.

Class Codes

The Class Profile screen is a list of codes which represent each line of business within Newton. A class code is assigned to each policy, and each invoice line on a policy. Many reports can be run for individual class codes, including Premium Volume Reports, and Sales Analysis. Marketing Queries can also be run by class code, for example to market promotions to all clients who have Homeowners policies.

Ic info black 24dp.png See: Class Profile for more information.

Company Setup

Every policy and invoice in Agency Systems will be coded to a company. The company profile allows you to specify default commission percentages, billing method (Agency Bill or Direct Bill), and website information by company.

The only critical item to review the first week is the billing default and NAIC codes for Forms such as Auto Id cards and Certificates.

Ic info black 24dp.png See: Company Profile for more information.

Department Setup

The Department Profile screen is a list of codes which represent each department or location within Newton for a given record. A Department Code is assigned to each Policy, Invoice, Cash, Check, or Journal.

  • Personal Lines, Commercial Lines, Life & Health, and General Accounting are the default departments.
  • If you have multiple locations, you can use departments to denote where the business took place (you will create a department for each location).
  • Many reports in the system can be run for a specific department code, e.g. Premium Volume Report, Sales Analysis, and Marketing Queries.

Ic info black 24dp.png See: Department Profile for more information.

Vendor Setup

The Vendor Profile screen is a list of codes available when entering non-policy related voucher invoices.

Voucher invoices are commonly used for:

  • Payroll
  • Expense Checks, such as rent or utilities
  • Agency Systems support subscription fee

Ic info black 24dp.png See: Voucher Transaction for more information.

A Vendor Profile code cannot share the same unique code as a Company. To avoid any issues, Vendor Codes are often entered as numbers: 001, 002, 003 etc.

Ic info black 24dp.png See: Vendor Profile for more information.

Accounting Settings

General Ledger Chart of Accounts

The General Ledger Profile is your chart of accounts and contains required accounts which cannot be deleted. Remember, you are able to begin using the accounting system immediately, even before your beginning balances have been posted.

Ic info black 24dp.png See: General Ledger Profile for more information.

Beginning Balances

Your general ledger beginning balances in Agency Systems are made up of several journal entry transactions representing the ending balances for these accounts in your previous systems general ledger. These balances are obtained from the last months closing reports of your previous system. If you are starting the Agency Systems accounting at the beginning for your fiscal year you will not be required to enter balances for the Income and Expense general ledger accounts.

Agency Systems supports provides assistance entering your beginning balances using a custom spreadsheet completed by the Agency.

Ic info black 24dp.png See: Beginning Balances for more information.

Close Month

Agency Systems is a real time accounting system and does not require a separate monthly process to update the general ledger. In fact the general ledger will change with each completed accounting transaction. It is recommended to close all months prior to using Agency Systems to prevent invalid entry in prior periods.

Ic info black 24dp.png See: Open or Close Month (GL) for more information.