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How to Record an Insurance Claim in Xero
The simplest way to record an insurance claim in Xero is by adding a journal entry. Here’s a quick guide on how to do it:
On Xero's main dashboard, head over to the top menu bar and click 'Accounting'.
Choose 'Journal Report' from the list of options.
After that, click 'Go To Manual Journals'.
Find and open the journal you wish to use for recording the insurance claim.
Subsequently, click 'Journal Options'.
Pick 'Edit' to proceed.
Following that, tap an empty line and enter the necessary details related to the insurance claim, particularly the Description, Account, Tax Rate, Region, and Amount (Debit or Credit).
Once done, review your input and click 'Post' to apply the changes.
After completing these steps, your insurance claim will be recorded in the selected Xero journal.
