Reconciliation

Insurance Receivable Reconciliation Template

Reconcile insurance receivables (claims receivable from insurers) to supporting documentation and verify collection.

How to use this template

1

List pending insurance claims

Create a schedule of all submitted insurance claims and claims in process.

2

Verify claim details

Confirm that documented claim amounts match insurance adjuster estimates.

3

Track collections

Monitor insurance claim status and record payments received from insurers.

4

Review aging

Analyze aging of outstanding receivables and assess allowance for uncollectible claims.

5

Reconcile balance

Tie the claims receivable schedule to the GL account balance.

Why use this template

  • Ensures insurance recovery claims are properly recorded
  • Accelerates collection of insurance proceeds
  • Provides audit support for claims receivable balance
  • Reduces exposure to uncollectible claims

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