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Example: The amount to be returned to insured is $500, but the company only sends the agency back $400.

1. Do a credit endorsement in billing setup for $500.

Debit 4000 $100
Debit 2200 $400
Credit 1100 $500

2. Deposit check from company to Quickbooks/Peachtree for $400.

Debit 1000 $400
Credit 2200 $400

3. Refund amount to insured in IMSwin

Debit 1100 $500
Credit 2060 $500

4. Write refund check to insured in Quickbooks/Peachtree

Debit 2060 $500
Credit 1000 $500

NOTE: Anywhere it shows a 2200 account, this should be substituted with the appropriate company payable.