click below
click below
Normal Size Small Size show me how
mod 3560 wk2
3560 wk 2 terms
Question | Answer |
---|---|
Accounting equation | a formula used to analyze each transaction |
accrual basis accounting | recording revenue when services are performed |
cash basis accounting | recording revenue when cash is received |
cycle billing | the medical office statements are equally divided and sent twice a month, weekly or daily. |
daily journal | used to record original transactions in chronological order |
day sheet | list of all transactional information for a given day |
liabilities | the medical office's debts or obligations |
once a month billing | all patient's statements for the medical office are prepared once a month at the same time |
owners equity | the rights of the owner |
patient ledger cards | the patient's transactions information on one sheet or card |
patient statement | document listing the amount the patient owes to the medical office |
patient financial record | a series of accounts recorded on the patient's ledger card |
pegboard | a one-write system where you enter the transaction a single time |
posting | recording transactional information from the 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 optional bank deposit sheet |
insuring aging report | a report that provides a breakdown of the insurance company balances and charges during a specified transaction period by reporting those charges as current or how many days they have been outstanding |
patient aging report | a report that prints the patient's outstanding charges not paid as either current or the number of days charges are not current |
patient ledger report | the patient's transactional information such as charges and payments |
practice analysis report | a report that contains charges, payments, and accounting summary |