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insurance refund

Discussion in 'Business Operations' started by cclllc, Aug 29, 2003.

  1. cclllc

    cclllc LawnSite Senior Member
    Messages: 911

    Hey guys.I was wondering how I should enter an ins. refund in quickbooks.What do I list it under and where?Thanks,john
     
  2. BRL

    BRL LawnSite Bronze Member
    Messages: 1,211

    Click Vendors, then Pay Bills, then choose Credit instead of Bill on that screen. Then fill out the rest as usual.
     
  3. cclllc

    cclllc LawnSite Senior Member
    Messages: 911

    I am the one getting the refund,not them.I have a check i need to enter somehow.I did what you said but it doesn't showup on pmts needing to be deposited.
     
  4. bruces

    bruces LawnSite Senior Member
    Messages: 648

    Enter it as a deposit.

    In the account from show the account as insurance expense.

    This will offset your insurance expense that you have paid.
     
  5. BRL

    BRL LawnSite Bronze Member
    Messages: 1,211

    "I am the one getting the refund,not them.I have a check i need to enter somehow.I did what you said but it doesn't showup on pmts needing to be deposited."

    Yes I understood this. At the next step that I didn't direct you through, you simply choose the account to apply the check to. Or, you can do it the way Bruce posted as well.
     

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