Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Ch 46 Vocabulary
| Term | Definition |
|---|---|
| Superbill | An itemized charge slip usually also containing diagnosis codes and procedure codes required for insurance billing. |
| Accounting | Systematic recording and reporting of financial transactions |
| Day Sheet | The record of daily transactions in the pegboard or "write-it-once system" and also in computer medical billing programs |
| Cash basis of accounting | Accounting method in which incomeis entered when payment is received |
| Charge slip | A form used to keep track of charges and payments at the time of a patient visit. |
| Ledger | A book, card, or computer account used to record financial transactions |
| Petty Cash | A cash account kept in a business office to pay for incidentials, such as postage due and other small items |
| Reconciling | Making sure that two financial records agree, such as a bank statement and bank balance |
| ABA routing number | A nine-digit number that identifies a bank; the number is printed at the beginning of the magnetic ink character recognition line at the bottom of a check. It also appears in fractional form at the top right of the check under the check number. |
| Cashier's check | A check drawn on a bank instead of an individuals account |
| Credit | A posting that is subtracted from an account balance |
| Invoice | An itemized bill for items whose cost has not been prepaid |
| MICR line | A line of numbers containing the ABA transit routing number and the account number that appears at the bottom left of a check. These numbers are read by a magnetic ink character recognition (MICR) system. |
| Payee | The person to whom a check is made out |
| Certified Check | A check on an individual account that a bank assumes responsibility for, usually by withdrawing funds to cover the check from the checking account at the time the check is certified. |
| Bookkeeping | The process of keeping detailed records of financial transactions |
| Assets | In accounting, a combination of property owned and money owed to a business |
| Accounts Payable | The outstanding bills of a business, such as a medical office |
| Accounts Receivable | Total amount owed to a business for goods and services |
| Accrual basis of accounting | Accounting method in which income is entered at the time of sale or provision of service |
| Adjustment | A charge to a patients account that is neither a charge nor a payment |
| Disbursement | Money paid out |
| Fee Schedule | List of charges(fees) for specific procedures that may be performed in a medical office |
| Debit | A posting that is added to an account balance |
| Liabilities | Legal Responsibilities. In accounting, the amount owed by a business to creditors. |
Created by:
sahubbard
Popular Medical sets