Insurance reimbursements on customer claims

Good morning, hkg48035.

Thanks for brining your question forward here in the Community. I'd be glad to point you in the right direction regarding insurance reimbursements.

In this instance I recommend consulting with your accountant to be sure of the next steps to take. They'll be able to tell you exactly which accounts to post the insurance payouts in. If you don't currently have an accountant, you can find one in your area specifically trained in QuickBooks with a quick search on the ProAdvisor site.

If you need any assistance with the entry afterward, please don't hesitate to reach back out!

if we could afford an accountant, lol. sorry, we are a 2 person show and doing fine tax wise with everything.

This sounds like the right solution. The payment was actually made back out to the company that did the repairs for the customer. we are a home inspection business, and before the customer purchased the house, a damaged chimney was missed in the report. So, the customer went through their vendor for the repair reimbursement. Since it is the customer's vendor not ours, how would you recommend setting them up as we had to write the check to them, not our original customer.

This sounds like the right solution. The payment was actually made back out to the company that did the repairs for the customer. we are a home inspection business, and before the customer purchased the house, a damaged chimney was missed in the report. So, the customer went through their vendor for the repair reimbursement. Since it is the customer's vendor not ours, how would you recommend setting them up as we had to write the check to them, not our original customer.

Hello again, Rainflurry.

I appreciate you for always sharing your knowledge about QuickBooks. This will definitely help other users as well in the future. Please keep on posting here in the Community.

Keep safe and have a great rest of the day.