Medical insurance expenses for employees can be recorded in Tally under Labour Welfare Expenses. Amount paid to the employee and reimbursement received from the insurance company should both be accounted for under the same expense head.
27 December 2017
partnership firm has taken insurance policy of employees, one employee got injured he spent rs 35000 in hospital company give him (to employee) rs 15000/- and put claim to insurance company when insurance company pass that claim remaining amount will com in company account then company will give that remaining amount to that employee