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Vocabulary
Accounting Principles
Bookkeeping Procedures
Check Writing
Billing & Collections
100
Report on the financial condition of a business on a certain date.
Balance Sheet
100
Items of value in a practice
Asset
100
Type of recording system designed to increase the efficiency of recording daily transactions.
Pegboard system
100
Checks that are received by the medical facility should be endorsed with this.
Stamp
100
Person paying the debt
Debtor
200
Listing of a physician's charges for services.
Fee Schedule
200
Rent, equipment rentals, salaries are all what?
Liabilities
200
Another name for "Pegboard System"
One-write system
200
This type of endorsement limits what can happen to the check.
Restrictive
200
When should deposits be made?
At the end of each business day
300
Reports that indicate the financial condition of a business.
Financial statements
300
The "language" of business
Accounting
300
Journal for recording the days activities
Daysheet
300
A unique number assigned to a bank.
ABA Number
300
Amount of money not able to be collected
Write-off
400
Tool used to analyze the effect of a transaction on an account.
T-account
400
Used for small items, dispensing small amounts of money, and has a journal for entries/usage.
Petty Cash
400
Type of charge slip that uses diagnostic and procedure codes
Encounter form (Superbill)
400
When a payee signs using this endorsement, he or she only signs their name on the back of the check.
Blank endorsement
400
An account is considered overdue when the balance is not paid within...
30 days
500
Report showing the results of income and expenses over time.
Income Statement
500
Numbered form prepared each time a payment is made from petty cash.
Voucher
500
Each patient has their own individualized card, contains demographics and important billing information.
Ledger Card
500
What 5 items must be verified before accepting a check.
Correct provider name, Current date, correct amount, current address/phone#, affixed signature.
500
An amount that is added or subtracted from the physician's fee, changing the pt's account balance.
Adjustment