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.
