The insurance company is responsible for the compensation for accident victims and vehicle repair expenses, and the enterprise only pays in advance. When paying the funds, it debits "other receivables-insurance compensation" and credits "bank deposit" or "cash on hand"; After the accident treatment, compensation, vehicle repair and other aftermath work is completed, apply to the insurance company for compensation based on relevant information. After receiving the compensation from the insurance company, debit "bank deposit" and credit "other receivables-insurance compensation".

In this case, the bill for compensation and car repair should be handed over to the insurance company. Enterprises don't need these vouchers, only the insurance company's claim form.

Some insurance companies also require the payee to sign the standard indemnity receipt issued by the insurance company, and the payee can use this receipt as the original voucher for bookkeeping.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.