Owner & Principal Financial Reporting
The monthly read owners actually need
More than a year-end P&L: a monthly view of profitability, revenue by line and by producer, and trust health — the numbers owners need to run the brokerage and to satisfy a lender or buyer.
What you get
- Monthly profit & loss and balance sheet
- Trust position dashboard
- Revenue by line of business and by producer
- KPI pack and budget vs actual
- Lender- and acquirer-ready statements on request
What changes for your brokerage
- A clear monthly read on profitability and cash
- Revenue visible by line of business and by producer
- Trust position tracked on a dashboard, not in your head
- Budget vs actual that flags problems early
- Statements ready when a lender or acquirer asks
How the reporting engagement works
Start with closed, supported books
Management reporting is built from the reconciled monthly books used for the close, with bank, trust, carrier and commission balances supported before the package goes to an owner.
Build the view around owner decisions
We agree the lines, producers, carriers and measures that matter to your brokerage, then present them consistently from month to month.
Use the package for outside conversations
Current financial statements and schedules give a lender, buyer or external accountant an organized starting point. Assurance, valuation opinions and tax advice remain with the appropriate external professional.
Who does what
BrokerLedger does
- Prepare the monthly financial statements and reporting package from the closed books
- Maintain the agreed producer, line-of-business and operating-report structure
- Present the trust position and agreed measures alongside the financial statements
- Flag material exceptions or movements that need an owner decision
Your brokerage does
- Confirm the reporting questions, budget assumptions and categories that matter
- Explain unusual transactions or one-time events
- Review the package and decide what action it calls for
- Keep your external accountant for assurance, valuation and tax advice
When the monthly package is ready
Reporting follows the agreed close calendar and the arrival of bank and carrier data.
| When | What happens |
|---|---|
| During the close | Underlying reconciliations are completed and exceptions are identified. |
| After general ledger review | Financial statements, revenue views and agreed operating measures are prepared from the closed period. |
| Package delivery | The owner receives the agreed reports, trust-position read, and explanation of material movements or open exceptions. |
Illustrative monthly management report — hypothetical example
| Report section | What the owner can review |
|---|---|
| Profit and loss | Current-month, year-to-date and prior-period revenue and expense, with material movements identified for discussion. |
| Revenue mix | Commission revenue grouped by the lines of business and producers the brokerage has agreed to track. |
| Trust position | The monthly trust asset and liability position, with unresolved items referred to the formal reconciliation support. |
| Cash and working capital | Operating cash, receivable aging, premiums payable and other balances that affect near-term decisions. |
| Budget or plan comparison | Actual results compared with the brokerage's own budget or plan when one is available. |
How we get started
-
Reporting questions agreed
We identify the decisions the package needs to support and the existing reports the owner relies on.
-
Data structure reviewed
We review the chart of accounts, Applied Epic coding, producer setup and any budget so the reporting fields have a dependable source.
-
First package prepared
We prepare a first package from a completed close, identify data gaps, and agree the recurring format.
What we need from you to start
- A recent closed package, trial balance and financial statements
- Your chart of accounts and report layouts
- Producer, line-of-business and carrier categories used in Applied Epic
- The current budget or operating plan if you use one
- Any lender, buyer or advisor request the package needs to support
Is this the right fit?
A good fit
- Owners who receive statements but cannot see what changed or why
- Brokerages needing revenue visible by producer or line of business
- Principals reviewing trust health and operating performance together
- Brokerages preparing for a lender, buyer or advisor conversation
Not what we do
- Audits, reviews and other assurance engagements
- Business valuations or fairness opinions
- Corporate tax planning or tax advice
- Reporting built from books that have not been reconciled or closed
Related reading
The CPA who builds your file knows brokerage accounting
BrokerLedger is CPA-led and works inside Applied Epic. Our services are shaped by how a brokerage's books actually move — agency bill versus direct bill, commission income, producer compensation — not what a generic small-business bookkeeper assumes.
Frequently Asked Questions
Book a discovery call
Tell us about your brokerage and we'll walk you through exactly how we can help. No pressure, no obligation — just a straightforward conversation.
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