John J90 wrote:Do any AMS 360 users think that the accounting functionality is limited? Do you use a separate accounting program such as Peachtree or Quickbooks? I am very curious to know if anyone would actually use AMS360 for day to day general ledger accounting.
Yes, AMS360 has accounting limitation but it handles the trust side of insurance accounting so well that it is virtually impossible to pay an insurance carrier wrong when the set up has been done correctly. QuickBooks has NO trust feature or carrier payment feature, let alone direct bill deposit tracking or the ability to track commission payments down to the policy level at the volume AMS360 handles with ease.
I love the many features and drill down abilities of QuickBooks but once an insurance agent reaches a certain size, you need a specialized software that tracks the insurance side of things PLUS integrates it with your CSR activity. Plus AMS360 will help you with your E&O issues. QuickBooks won't. So, IMHO, the cost of the software is worth it and may save your company from ruin. In addition, AMS360 has a built-in electronic filing system that matches activity to scanned in documents and GREAT service included in their price.
I have 21 years experience with QuickBooks (even before they had a Windows version) and 3 years with AMS360.