Claims - Payment in lieu of Credit

Claims User Guide

In the event a vendor submits a check for a claim:

1. Settle the claim as normal.
2. When the claim is complete, and the accounts payable has been posted, void the payable created in the settlement process.
3. Post the check through Banking, making a deposit For Income Other Than Sales.
4. Distribute the receipt to the Cost of Claims account.
5. If the payment is going to be passed along to the consumer, create the accounts payable and code it to the Cost of Claims account, and process the payment.