I am maintaining books for a health setup. There are insurance payments for patients that will be received at a much later date from the insurance agency. Initially I was entering the patients separately but I do not feel this is necessary now as insurance payments are received collectively for a group of patients together. Therefore, I thought to use the daily sales method. However, the software would not allow me to select accounts receivable as my income account when I try to create a product for these insurance payments. And I do not have "other accounts receivable" in this software, I don't know why. Also, I was thinking whether I should use the daily sales method for the cash received on the day and create a separate invoice for the insurance agency for the total amount that they owed for the specific day. What would be the best method I could use in this situation? I would really appreciate if anyone could help me sort this out. Thank you.
