Words def.
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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| Account equation | 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 is received
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| cycle billing | the medical office statements are equally divide and sent twice a month
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| daily journal | Used to record original transaction in chronological order
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| day sheet | List of all transactional information for a given day
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| Liabilities | The medical office debt or obligations
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| Once a month billing | All patient statements for the medical office 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 statement | Document listing the amount the patient owes to the medical office
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| patient financial records | A series of accounts recorded on a patients ledger card
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| Pegboard | One write system where you enter a transaction a single time
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| Postings | Reporting the transactional information from the 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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| Day sheet | Report that contains transaction details, a charge and payment summary, and accounting summary and optional bank deposit sheet
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| Insuring aging reports | Reports that providers a breakdown of the insurance company balances and changed during a specified transaction period by reporting the charges as current or how many day they been outstanding
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| Patient aging report | A report that prints patients outstanding charges not paid as either current the numbers of days charges are current
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| Patient ledger report | 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:
markitaboyles
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