Death benefit amount

Ken Matheson

• 30 March 2026 01:38

How do we record Insurance cover for members in Financials?

Premiums are recorded

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  Andre Jones

  • 18 June 2026 00:34

  Hi Ken,

  Thank you for your message.

  To record insurance cover in Simple Fund 360, you will need to post a transaction to the relevant insurance account. Please note that insurance accounts are linked to individual members, so ensure you select the account that corresponds to the correct member.

  For a list of the available insurance accounts in Simple Fund 360, please refer to this article: Insurance premiums.

  If there are proceeds from an insurance policy, a similar process applies. In this case, post the transaction to the 27500/MemberCode - Proceeds from Insurance Policies account. For further information, please refer to this article: How to enter Insurance Proceeds.

  Please let me know if you have any further questions. 

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