NNG Enterprises
Level 1
‎November 02, 2020 02:09 PM

Should I record the insurance claim check as current asset?

I received a check from insurance company for the claim filed. How do i record that
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Rustler
Level 15
‎November 03, 2020 04:59 AM

Employees and payroll

deposit the check and use either the expense account for the damages or Other Income as the source account for the deposit

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