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3560
vocabulary
Question | Answer |
---|---|
acconuting equation | a formula used to analyze each transaction |
accrual basis accounting | recording revenue when services are performed |
cash basis accounting | recording revenues when cash services are performed |
cycle billing | medical office statements are equally divided and sent twice a month |
daily journal | used to record the original transactions in chronological order |
day sheet | list of all transactional information for a given day |
day sheet 2 | a report that contains tranaction detail a charge and payment summary an accounting summary and an optional bank deposit sheet |
liabilities | medical office debt or obligation |
once a month billing | system in which all patient statements are prepared once a month at the same time |
owners equity | the right of the owners |
patient ledger cards | the patients tranaction information on one sheet or card |
patient statements | document that shows the amount the patient owes to the medical office |
patients financial record | a series of accounts recorded on a patient ledger card |
pegboard | a one write system where you enter the transaction a single time |
posting | recording transactional information fromthe journal to the patient ledger |
custom reports | reports that can be created edited and printed from medisoft |
insuring aging reports | printout that shows unpaid charges as current or delinquent based onthe number of days they have aged |
patient aging reports | a report that prints the patients outstanding charges not paid as either current or the number of days charges are current |
patient ledger reports | the patient transactional information such as charges and payments |
practice analysis report | a report that contains charges payments and an accounting summary |