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3560 wk 2
Words def.
Question | Answer |
---|---|
Account equation | formula used to analyze each transaction |
Accrual basis accounting | recording revenue when services are performed |
cash basis accounting | recording revenues when cash is received |
cycle billing | the medical office statements are equally divide and sent twice a month |
daily journal | Used to record original transaction in chronological order |
day sheet | List of all transactional information for a given day |
Liabilities | The medical office debt or obligations |
Once a month billing | All patient statements for the medical office are prepared once a month at the same time |
Owners equity | the right of the owners |
Patient ledger cards | The patients transaction information on one sheet or card |
Patient statement | Document listing the amount the patient owes to the medical office |
patient financial records | A series of accounts recorded on a patients ledger card |
Pegboard | One write system where you enter a transaction a single time |
Postings | Reporting the transactional information from the journal to the patient ledger |
Custom reports | Reports that can be created, edited, and printed from medisoft |
Day sheet | Report that contains transaction details, a charge and payment summary, and accounting summary and optional bank deposit sheet |
Insuring aging reports | Reports that providers a breakdown of the insurance company balances and changed during a specified transaction period by reporting the charges as current or how many day they been outstanding |
Patient aging report | A report that prints patients outstanding charges not paid as either current the numbers of days charges are current |
Patient ledger report | The patient transactional information such as charges and payments |
Practice analysis report | A report that contains charges, payments and an accounting summary |