vocabulary
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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| acconuting 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 revenues when cash services are performed
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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 the original transactions in chronological order
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| day sheet | list of all transactional information for a given day
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| day sheet 2 | a report that contains tranaction detail a 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 tranaction 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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| pegboard | a one write system where you enter the transaction a single time
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| posting | recording transactional information fromthe 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 | printout that shows unpaid charges as current or delinquent based onthe number of days they have aged
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| patient aging reports | a report that prints the patients outstanding charges not paid as either current or the number 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 report | a report that contains charges payments and an accounting summary
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Created by:
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