A common issue with warranty companies is you get a shortage or overage on the payment. This page will show you how to handle payments for those cases. These steps cover after you have input the information from the payment.
This page explains how to:
Handle Shortage from Warranty Credit.
If you get a check from the warranty company that is short the amount of the claim:
(The system will fill in the difference on that claim.)
Handle Overage from Warranty Credit
If you get a check from the warranty company that is over the amount of the claim:
* You may want to use the same expense account you have for shortages, as this will reduce that expense.