Definitions
This is given when there is an interruption of an employee's earnings
Record of Employment ROE
One of the most common errors when writing a cheque
Using an improper date
When is an account considered delinquent?
30 days past due
How does the dentist pay for the office expenses?
They are applied to the dentist's credit card or a cheque.
How are credit recovery companies paid?
The collection agency subtracts their fees before submitting the amount remitted to the office.
The money the dental office owes its suppliers
Accounts payable
In a locked cabinet or drawer
Where should the petty cash fund be kept?
What does the bank consider accounts that are 90 days past due?
The accounts are uncollectable
Before paying any bills what must the DOA do?
Get the dentist approval.
payment plans should never extend past
12 months
An item that is ordered but not sent with the contents of the delivery
Backorder
They have been around since the 1960's
Payment machine payment terminal
Why is cash flow important?
Cash is needed to pay bills such as rent, dental supplies, and payroll.
Name two accounting software?
Quickbooks and Sage
What is cultural empathy?
The ability to understand and be aware of the cultural attributes of a given society and how they differ from their own culture.
Something a buisness ownes
Assets
When should a record of employment be issued?
Within 5 days of an employer becoming aware of an interruption of earnings.
When a patient's insurance benefits have been assigned to the dental office, how long does it take to receive payment?
Two weeks
Business expenses that continue all the time, such as rent, utilities, and salaries
Fixed expenses
What is one of the most obvious errors in written communication?
Spelling
Something a buisness owes
Liabilities
What are the 3 ways debit machines process payments?
Swipe, Chip and pin, Contactless
What is the key to successful collections?
Everyone on the team needs to believe in the quality of the service performed and the fairness of fees charged.
What expense category do the sundries supplies go under?
Variable
Where was fluoride discovered?
Colorado Springs