Explanation:
Payment posting is the process of viewing payments and the financial picture of a medical business. It also describes the process of entering payments into medical billing software. It looks at insurance payments through EOBs, patient payments, and ERA insurance checks. Obtaining a financial perspective is critical in identifying revenue leakage and resolving them as soon as possible.
Explanation:
The accounting word "on account" refers to a partial debt payment. The term "on account" can also refer to purchasing or selling goods or services on credit. "On credit" is another term for "on the account."
The correct answer:
Create Disbursements tab
Explanation:
The ledger is the main book of accounts in which similar transactions involving a certain person or property and revenue and expense are recorded. It's a collection of accounts. It contains all the business's accounts, whether actual, nominal or personal.
The correct answer:
Create Payment > Fetch ALL > (double click) on line item to apply > COMMITT DISBURSEMENTS button
Explanation:
The information needed to generate financial statements is contained in the ledger. Assets, liabilities, owners' equity, revenues, and expenses are included. The chart of accounts is a list of a company's accounts. A ledger represents each current account on the list.
The correct answer:
Fetch All
Explanation:
JF is an abbreviation for Journal Folio. This number is entered when the journal transaction is posted in the ledger so that the records of ledger posting can be easily verified from the journal book during auditing.
Explanation:
A general ledger, sometimes known as "the book of final entry," is a book that keeps track of a business's financial activities. They are recorded as debits or credits in a double-entry system, which is then verified by a trial balance.
