Insurance agent

Question

Hi all,
I have the scenario below:
I buy insurance for the staff in company. Assume the insurance agent is A company.
This company will be in charged with paying insurance for the staff through their personal bank accounts. Of course, at this step, they will send the insurance fee to us and we make the automatic payment to the staff's account.
The staff also use this bank account to receive their salary; and our company have to pay insurance fee monthly or yearly. This amount of insurance fee is calculated by % on their salary.
So we should create insurance agent as Vendor or Customer?
Should we create vendor account for every staff in the company?
We want to pay our staff monthly through their individual bank accounts; and we want to monitor the insurance fee we had to pay for each staff as well as the insurance amount the agent pay.
Please help.
Thank you very much.

Answer 1

In My opinion you should create this insurance agent account as "Vendor".
Also you need to open all the employees as vendors.
For regular salary you can use one document type such as "HR" representing salary and for Insurance you can use another docuemnt type such as "IS" which denotes the payment to Insurance.
From this you can use FBL1N with filter on Posting keys and Document types so that you can generate a report from the standard report.