This article is Step 4 of Understanding Accounting Integration - Control Accounts > Claim Deductible Clearing


To see all the steps of Understanding Accounting Integration, please review - Understanding Accounting Integration



Step 4 - Control Accounts - Claim Deductible Clearing



This General Ledger Account is used as a clearing account for the any deductibles payable on Customer Order Third Party claims ie Insurance claim deductible / excess

This account type is typically set up as a Current Liability and the usual balance depends on which side of the two transactions have cleared first


This Claim Deductible Clearing General Ledger Account is credited whenever the Customer is invoiced for the deductible 

This is the Customer Invoice for the Deductible:

This is the above transaction shown in the Claim Deductible Clearing General Ledger Account:


When the deductible is used to reduce the Invoice to the Third Party vendor ie Insurance excess payable by the Customer, then a clearing entry is made to the Claim Deductible General General Ledger Account 

This is the Invoice to the Third Party Vendor showing the reduction of the deductible:



This is the above transaction shown in the Claim Deductible Clearing General Ledger Account :

**Note that the Third Party Invoice cleared out the Claim Deductible Clearing General Ledger Account for the deductible paid by the Customer




Restrictions

Accounting entries to this General Ledger Account should never be manually done directly in the accounting application as its balance should always match with the activities in Blackpurl


For further information about Third Party Customer Orders, please review our article - Service Job - Understanding the options for "Who is paying for the job" (ie Third Party - Insurance & Warranty Claims)