How do I enter an insurance payout in Reckon Accounts 2013
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[Deleted User]
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We recently had one an insurance claim come through and I am wondering how I enter this into Reckon Accounts 2013. If I do a general journal entry, it isn't going to show up when I go to reconcile. If I setup our insurer as a "customer" and then receive a payment from them, its going to show up that they have a credit and if I do an invoice up to balance this out its going to mess with our sales figure! HELP!!!
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Comments
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Hi Jess,
Welcome to the Reckon Community.
Firstly, you should talk with your accountant on how he would like this payout treated in the Accounts and follow his directions. there may be more than one transaction involved.
In a simple scenario you will need an Income or Other Income account to receive the insurance payout.
To enter the transaction just use:- Banking > Make Deposit;
- enter the income account you created in the From Account column;
- add a memo;
- add other relevant information;
That's it. Your insurance payout is entered.
Hope this meets your needs.
regards,
John
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John,
You are a bloody legend!!! Thank you so much for that!!
Have a great weekend!!
Cheers, Jess
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Thanks Jess, glad that worked for you.
cheers,
john0
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