Accounting Flashcards
Personal courtesy discount is an example of an:
Adjustment or discount fee to other med professional
Posting
Transferring information from one record to another
In the past, what type of system was used to keep finical transaction
Peg board
Encounter form
List of all specialist procedure in the office
When should reciets be given?
For all payments
What’s journalizing
Entry’s made on the day sheet
Who refuses to honor a check that has a stop payment on it
Bank
Reconciling
Process of varifying amount in bank statements are matching with check registrar
Bookkeeper
Records finical transaction
Accountant
One who analyzes transaction and prepares reports
Account
Record of each PT which shows charges payments and balances due
Day sheet
All of the PTs charges are recorded each day
Accounts receivable
Money owed to practice from the PT
Debit
Charges added to existing balance
Credit
Payment subtracted from existing balance
Credit balance
Reflects that amount paid is more than owed. Or amount being paid I’m advance