I have instructions you can follow for recording checks from insurance claims in QuickBooks Online (QBO), @CherylS1. Keeping your financial records accurate enables us to easily determine your financial status.
We can record the transaction by creating a bank deposit in your QBO file. Beforehand, please consult your accountant about the category to use in the deposit to prevent the check from being posted to incorrect accounts. Once you have determined the correct account to use, we can now create the deposit using the steps below:
- Click the + New icon and select Bank Deposit.
- Choose the account you want to put the money into from the Account dropdown.
- Go over to the Add funds to this deposit section and select the insurance company under the Received From column.
- Select the correct category in the Account section, and enter the Amount.
- Enter the additional details you may have, and click Save and new.
On the other hand, class and location tracking monitor income, expenses, and reports for different segments or locations of the business. You can go over to these articles for complete guidelines:
Know that you can always get back to me if there's anything else that you need about recording insurance claims or other transactions in QuickBooks. Have a good one!
