Re: Third Party Payment

Posted by cjhowe on Jun 26, 2006; 12:22am
URL: http://ofbiz.116.s1.nabble.com/Third-Party-Payment-tp140170p140172.html

Actually, I think i figured it out.  If anyone sees
this as being incorrect, please let me know.


J6 - Insurance A decides that it shouldn't have been
responsibile for John Doe's Sale:
John Doe Billing Account - 80 (dr)
Contra Account to Insurance A Billing Account - 80
(cr)

J7 - Insurance A makes payment for outstanding
balance:
Cash - 320 (dr)
Contra Account to Insurance A Billing Account - 80
(dr)
Insurance A Billing Account - 400 (cr)

--- BJ Freeman <[hidden email]> wrote:

> your best bet is to look up a accountant.
> I have the name of one that is pretty good, if you
> would like to contact
> her.
>
>
> Chris Howe sent the following on 6/25/2006 3:46 PM:
> > I am just going insane with trying to put together
> a
> > third party (insurnce) payment application.
> >
> > I have it set up so far to do the following:
> >
> > J1 - Sale Made to John Doe:
> > John Doe Billing Account - 100.00 (dr)
> > Sales Revenue - 100 (cr)
> >
> > J2 - Transfer partial responsibility to Third
> Party:
> > Insurance A Billing Account - 80.00 (dr)
> > John Doe Billing Account - 80 (cr)
> >
> > J3 - Insurance A cuts makes payment:
> > Cash - 80 (dr)
> > Insurance A Billing Account - 80 (cr)
> >
> > J4 - Sale Made to Jane Barker:
> > Jane Barker Billing Account - 500 (dr)
> > Sales Revenue - 500 (cr)
> >
> > J5 - Tranfer partial responsibility to Third
> Party:
> > Insurance A Billing Account - 400.00 (dr)
> > Jane Barker Billing Account - 400.00 (cr)
> >
> > J6 - Insurance A decides that it shouldn't have
> been
> > responsibile for John Doe's Sale:
> > ??? (dr)
> > ??? (cr)
> > ??? (dr)
> > ??? (cr)
> >
> > J7 - Insurance A makes payment for outstanding
> > balance:
> > Cash - 320.00 (cr)
> > ??? (dr)
> > ??? (cr/dr)
> > ??? (cr/dr)
> >
> > Any ideas on what my ??? should be?  I need to
> reapply
> > responsibility back to John Doe's account and
> allow
> > for the 80 overpayment credit to be applied to the
> > second payment.
> >
>