Having a solid system of checks and balances in place for your accounting practices can bring benefits in many ways. For agencies in trust states, ensure your trust account is “in trust.” Bring greater accuracy in commissions paid to your producers. Confirm your organization is getting the amount of commission it should from carriers. Most importantly, a proper system of checks and balances can protect you and your business by providing accurate financial reports and minimizing damage that can be done by dishonest employees. The presenters will review various checks and balances for accounting and provide you with actionable thoughts to set them up. Attendees should have an understanding of basic accounting entries in Applied TAM or Applied Epic.