Transaction #1: Cash out to settle with claimant for $1,000.
Created within Claims this transaction affects the Accounts Payable:
|
Claims Settlement | |
|
$ 1,000.00 |
|
|
Account Payable | |
|
|
$ 1,000.00 |
Transaction #2: Create an expected receivable for a van line for $1,000.
Created within Claims this transaction affects the Accounts Receivable:
|
Claims Settlement | |
|
|
$ 1,000.00 |
|
Account Receivables | |
|
$ 1,000.00 |
|
Transaction #3: Chargeback to packing vendor for $100 on the claim.
Created within Claims this transaction affects the Accounts Payable:
|
Claims Settlement | |
|
$ 100.00 | |
|
Account Payable | |
|
$ 100.00 |
|
Transaction #3a: Chargeback to agent/warehouse on the claim for $150.
Created within Claims this transaction and affects the Claims Settlement and the Agent/Warehouse Expense accounts as a journal entry:
|
Claims Settlement | |
|
$ 150.00 | |
|
Agent/Warehouse Expense | |
|
$ 150.00 |
|
Transaction #4: Van line reimbursement for settlement of $1,000.
Created within Payment Management of Van Line Statements this transaction affects Claims Holding and the Van Line Clearing Account as a journal entry:
|
Claims Holding | |
|
$ 1,000.00 | |
|
Van Line Clearing | |
|
$ 1,000.00 |
|
Transaction #5: Van line chargeback to packing vendor in the amount of $100.
Created within Payment Management of Van Line Statements this transaction affects Claims Holding and the Van Line Clearing Account as a journal entry:
|
Claims Holding | |
|
$ 100.00 |
|
|
Van Line Clearing | |
|
$ 100.00 | |
Transaction #5a: Van line chargeback to agent/warehouse in the amount of $150.
Created within Payment Management of Van Line Statements this transaction affects Claims Holding and the Van Line Clearing Account as a journal entry:
|
Claims Holding | |
|
$ 150.00 |
|
|
Van Line Clearing | |
|
$ 150.00 | |
Transaction #6: Apply van line reimbursement of $150 to receivables.
Created within Claims this transaction affects Claims Holding and the Accounts Receivables:
|
Claims Holding | |
|
$ 1,000.00 |
|
|
Accounts Receivables | |
|
$ 1,000.00 | |
Transaction #7: Create matching entry for the chargeback to the packing vendor for the van line in the amount of $100.
Created within Claims this transaction affects Claims Settlement and the Claims Holding accounts as a journal entry:
|
Claims Settlement | |
|
$ 100.00 |
|
|
Claims Holding | |
|
$ 100.00 | |
Transaction #7a: Create matching entry for the chargeback to the packing vendor for the van line in the amount of $150.
Created within Claims this transaction affects Claims Settlement and the Claims Holding accounts as a journal entry:
|
Claims Settlement | |
|
$ 150.00 |
|
|
Claims Holding | |
|
$ 150.00 | |
Transaction #8: Create $1,000 check for the claimant.
Created within Microsoft Dynamics GP Accounts Payables this transaction affects Accounts Payable and the Cash accounts:
|
Accounts Payable | |
|
$ 1,000.00 |
|
|
Cash | |
|
$ 1,000.00 | |
Transaction #9: Apply a $100 credit to the packing vendor.
Created within Microsoft Dynamics GP Accounts Payables this transaction affects Accounts Payable and the Cash accounts:
|
Accounts Payable | |
|
$ 100.00 | |
|
Cash | |
|
$ 100.00 |
|
Transaction #10: Bank reconciliation transaction to clear Van Line Clearing of $750.
Created within Microsoft Dynamics GP Accounts Payables this transaction affects Cash and the Van Line Clearing accounts:
|
Van Line Clearing |
| |
|
$ 1,000.00 |
|
From Transaction 4 |
|
|
$ 100.00 |
From Transaction 5 |
|
|
$ 150.00 |
From Transaction 5a |
|
|
$ 750.00 |
Transaction 10 |
|
Cash | |
|
$ 750.00 |
|
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