How to register Insurance refund invoice

[Alberto Dante]

I'm individual with small business, and I need to manage both.
So, should I register the insurance refund transaction as following:

Assets:Current Assets:Checking Account:Bank Account
Income:Insurances refund
Expenses:Medical Expenses:Insurances Refunds

with negative values in Expense account?
Thanks, Alberto

On 28/09/2016 02:48, David Carlson wrote:
> If you are an individual asking about recording details of claim 
> payments made to you, I think that you should not use any business 
> features.  I would not call them refunds, however, even if they are to 
> reimburse some of your expenses arising from a loss.
>
> If you want to track losses and reimbursements to see if you have a 
> net loss that may qualify for tax purposes you might set up a special 
> expense account to collect all that data.
>
> Conversely, if you are an insurance company, you probably want to use 
> a more sophisticated program than GnuCash.
>
> David C
>
> On Tue, Sep 27, 2016 at 9:59 AM, Alberto Dante 
> <alberto.dante at gmail.com <mailto:alberto.dante at gmail.com>> wrote:
>
>     Hi,
>     I need to register some Insurance refund invoices (eg. health
>     expenses, car/home damages, ...).
>     The insurance companies pay the refund to my bank account and send
>     to me a detailed invoice of the payment.
>     Which is the correct way to register the insurance company
>     (business features)? Supplier or customer? And the invoice?
>     Without using business features, the following accounts should be
>     involved (I think):
>
>     Assets:Current Assets:Checking Account:Bank Account
>     Income:Insurances refund
>
>     What about in case of business features?
>     Where I can find some examples?
>     Thanks, best regards
>     Alberto
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