3560 termin wk 2
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Accounting Equation | A formula used to analyze each transaction
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| Accrual Basis Accounting | recording revenue when services are performed
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| cash basis Accounting | recording revenue when cash/payment is received
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| Cycle Billing | medical office statements are equally divided and sent twice a month
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| Daily Journal | Used to record original transactions in chronological order
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| Day Sheet | list of all transaction for any given day
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| Day sheet 2 | A report that contains transaction detail, charge and payment summary, an accounting summary, and an optional bank deposit sheet.
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| Liabilities | medical office debt or obligation
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| Once a Month Billing | system in which all patient statements are prepared once a month at the same time
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| Owners Equity | The right of the Owners
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| Patient Ledger Cards | The patients transaction information on one sheet or card
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| Patient Statements | document that shows the amount the patient owes to the medical office
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| Patients Financial Record | a series of accounts recorded on a patient ledger card.
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| Peg Board | a one write system where you enter the transaction a single time.
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| Posting | recording transactional information from a journal to the patient ledger
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| Custom Reports | reports that can be created, edited and printed from medisoft
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| Insuring Aging reports | a printout that shows unpaid charges as current or delinquent based on the # of days they have aged
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| Patient aging Reports | a report that prints that patients outstanding charges not paid as either current or the # of days charges are current
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| Patient ledger reports | the patient transactional information such as charges and payments
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| Practice Analysis reports | a report that contains charges, payments and an accounting summary
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Created by:
Lanealto88
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