Actually, I think i figured it out. If anyone sees this as being incorrect, please let me know.
J6 - Insurance A decides that it shouldn't have been responsibile for John Doe's Sale: John Doe Billing Account - 80 (dr) Contra Account to Insurance A Billing Account - 80 (cr) J7 - Insurance A makes payment for outstanding balance: Cash - 320 (dr) Contra Account to Insurance A Billing Account - 80 (dr) Insurance A Billing Account - 400 (cr) --- BJ Freeman <[EMAIL PROTECTED]> wrote: > your best bet is to look up a accountant. > I have the name of one that is pretty good, if you > would like to contact > her. > > > Chris Howe sent the following on 6/25/2006 3:46 PM: > > I am just going insane with trying to put together > a > > third party (insurnce) payment application. > > > > I have it set up so far to do the following: > > > > J1 - Sale Made to John Doe: > > John Doe Billing Account - 100.00 (dr) > > Sales Revenue - 100 (cr) > > > > J2 - Transfer partial responsibility to Third > Party: > > Insurance A Billing Account - 80.00 (dr) > > John Doe Billing Account - 80 (cr) > > > > J3 - Insurance A cuts makes payment: > > Cash - 80 (dr) > > Insurance A Billing Account - 80 (cr) > > > > J4 - Sale Made to Jane Barker: > > Jane Barker Billing Account - 500 (dr) > > Sales Revenue - 500 (cr) > > > > J5 - Tranfer partial responsibility to Third > Party: > > Insurance A Billing Account - 400.00 (dr) > > Jane Barker Billing Account - 400.00 (cr) > > > > J6 - Insurance A decides that it shouldn't have > been > > responsibile for John Doe's Sale: > > ??? (dr) > > ??? (cr) > > ??? (dr) > > ??? (cr) > > > > J7 - Insurance A makes payment for outstanding > > balance: > > Cash - 320.00 (cr) > > ??? (dr) > > ??? (cr/dr) > > ??? (cr/dr) > > > > Any ideas on what my ??? should be? I need to > reapply > > responsibility back to John Doe's account and > allow > > for the 80 overpayment credit to be applied to the > > second payment. > > >
