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accounting equation a formula used to analyxe each transaction
accural basis accounting recording revenues when services are performed
cash basis accounting recording revenues when cash is recieved
cycle billing the medical office statements are equally divided 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 patients statements are prepared once a month. at the same time
owner's 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
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 from a journal to the patient ledger
custom reports reports that can be created, edited, and printed from medisoft
day sheet a report that contains transaction detail,a charge and payment summary, an accounting summary, and an optical back deposit sheet
insuring aging report a report that provides a breakdown of the insurance company balances and charges as current, or how many days they have been outstanding
patient aging report a report that prints the patients outstanding charges not paid either. Current or the number of day's charges are current
patient ledger report the patients transactional information, such as charges and payments
practice analysis report a report that contains charges, payments and accounting summary
Created by: secretsluv