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How you record an insurance settlement in AccountRight will depend on your scenario. In a nutshell, a typical scenario would be:
The specifics of these transactions will be determined by factors including:
When it comes to recording insurance settlement transactions, there's no "one size fits all".
We might not be experts in insurance settlements, but our community forum is a great place to connect with business professionals who are happy to share their insights.
Setting up tax codes
Spending and receiving money
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