Term
| Betwween what hours can calls be made to collect on an overdue account? |
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Definition
| Between 9:00 a.m. and 9:00 p.m. |
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Term
| How many phone calls can be made when contact is made? |
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Definition
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Term
| Does failure to reach the patient or other party allow for daily call backs? |
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Definition
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Term
| What should you do if the patients employer tells you to stop calling the patients place of employment? |
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Definition
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Term
| Equation for income statement |
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Definition
| Revenue - Expenses = Net income/loss |
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Term
| Equation for owner's Equity |
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Definition
| Ownter's equity + Additional Investments + Net income - Withdraws = Ending Owner's Equity |
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Term
| What are the four ways a deposit can be made? |
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Definition
In person
By Mail
Electronically
Night deposit if bank is closed |
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Term
| What are the 5 requirements of banks for checks being deposited? |
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Definition
| Correct payee, Current Date, correct amount, current address and phone number and affixed signature |
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Term
| What does accounts receivable AGING REPORT show? |
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Definition
| How long a debt has been owed to the practice un[aid. usually categorized as 30, 60, 90 or 120 days overdue |
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Term
| What are the 3 principal deductions from employee's gross pay? |
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Definition
| Social security tax, medicare tax and federal income tax. |
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Term
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Definition
| number on all checks that identifies a payer's bank and location; assigned by american bankers association (ABA) |
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Term
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Definition
| numerical language of business that describes its activities. |
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Term
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Definition
| equation that expresses the relationship among assest, liabilities, and owner's equity. |
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Term
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Definition
| Record of patient transactions showing an amount due. |
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Term
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Definition
| Additon or deduction of a designated amount to a balance owed |
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Term
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Definition
| report that shows how long a debt has gone unpaid. |
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Term
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Definition
| anything of value owned by a business that can be used to acquire other items |
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Term
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Definition
| report on the financial condition of a business on a certain date |
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Term
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Definition
| document that lists all the banking activities for a set period |
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Term
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Definition
| type of endorsement in which only signature is listed on the back of a check |
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