Insurance
Claims Handlers & Loss Adjusters Payroll
Recording monthly salaries for the claims department.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Staff Expense — Claims Department | Expense (+) | 25,000.00 | - |
| Wages Payable | Liability (+) | - | 25,000.00 |
💡 Accountant's Note
Claims staff costs are part of Loss Adjustment Expense (LAE) and should be allocated to the claims expense line. Efficient claims handling directly reduces the combined ratio.
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