We want to post the Insurance payment receipt.
I had provided 4 services worth $100 to a patient.
At the time of creating bill, I posted the service revenue of $400.
And added $400 in Insurance receivables.
When EOB comes from Insurance company, that EOB total amount is $300 instead of $400. Services mentioned in EOB are of $400 yet. They explained to adjust $100 in their next payment.
How should I post this payment in out Chart of Accounts?
use receive payments against that invoice and enter the actual amount paid
the balance due will remain