How can I apply The Refunds of An Insurance Invoice With Deductible In QB? Follow

If the original invoice and payment for the deductible have been applied and deposited in QB it is best at this point to:

  • Apply the credit memo of the deductible cash invoice to the re-do deductible cash invoice
  • Apply the re-do deductible payment to the general journal reversal of the original deductible payment
  • Apply the insurance credit memo to the original insurance invoice.
  • Make a deposit with the general journal payment reversal and the re-do payment on it with a net of .00.
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