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Any incoming money to the agency is referred to as Cash; physical checks, wire transfers (EFT), money orders, or physical cash.

See: Client and Company deposits

Types of Cash Receipts

  • Regular Cash: Agency Bill client and company payments, or money from any other general ledger account.
  • Transmittal Cash: Direct Bill client payments which are forwarded in full to an insurance company.
  • Non-Deposited Cash: Direct Bill transmittal cash payments that do not get deposited into the agency's bank account. (Example: A check written directly to the insurance company brought to the agency.)