Contents: The Subrogation / Salvage Cash Register report includes salvage and subrogation cash receipts and related voids / offsets that were posted during a specified reporting period. Included in the report:
Claim Number: The Claim number assigned to the claim.
Policy Number: The Policy Number assigned to the policy.
Line of Coverage: The associated Line of Coverage / Feature description.
Agency Code: The agency code assigned to the associated agency on the policy.
Adj: The adjuster's initials.
In Suit: Flag ("Y" or "N"); used to identify if the Line of Coverage / Feature is flagged as "In Suit."
Loss Date: The date of the loss.
Added Date: The date the transaction was added.
Check Number:
Salvage Recovery Amount: This is the amount of the Salvage Recovery.
Subrogation Recovery Amount: This is the amount of the Subrogation Recovery.
Remark: These are from the Remarks field on the Claim Transaction screen. (Note: For cash receipts, the adjuster enters the check author’s name in the remarks memo field.).
Loss Cash Amount: The amount of the Loss Cash Receipt (Credit to Loss).
(Note: Recoveries are signed as a (-) as a credit, and Offsets are signed as a debit (no sign).
Sub Totals Include:
Subrogation Recovery Offsets for Period signed as (no sign) a debit.
Subrogation Recoveries for Period signed as a (-) a credit.
Total: All Subrogation Recoveries for the Period – This is the summed total of all Subrogation Recoveries and Subrogation Recovery offsets.
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Salvage Recovery Offsets for Period as (no sign) a debit.
Salvage Recoveries for Period signed as (-) a credit.
Total: All Recoveries for the Period – This is the summed total of all Salvage Recoveries, Salvage Recovery offsets.
Who Uses Report: The report is used by Accounting Claims Control to log and balance salvage and subrogation recoveries that were posted and / or voided during the reporting period. Claim Management may use this report to monitor salvage and subrogation recoveries posted and / or voided during the report period, and also to balance to other financial claim reports.
When to Run Report: Can be run as needed; within a specific date range.
Input Parameters:
Start Date: MM/DD/YYYY
End Date: MM/DD/YYYY
Company (With option for "All")