Correcting Insurance Coverage Entries

If you have posted an incorrect entry to the insurance coverage ledger, you can correct it by creating a reclassifying entry in the insurance journal.

To Correct Insurance Coverage Entries:

  1. Open the Insurance Journal window.

  2. If, for example, a fixed asset has been attached to an incorrect insurance number, you can correct it by entering two lines in an insurance journal. (One line with a plus amount and one line with a minus amount).

    For Help about a specific field, click the field and press F1.

  3. Click Posting, Post to post the lines.

    After you have posted the lines, the fixed asset will be detached from the incorrect insurance policy and instead attached to the correct one.