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Lesson 12: Off-site payment, refunds and outstanding payment (Other…
Lesson 12: Off-site payment, refunds and outstanding payment
Account Types
AR - Accounts Receivable
money owed by patients to another entity in exchange for good or services that have been delivered or used but no yet paid for
AP - Accounts Payable
debts that must be paid off to another entity (e.g. vendors, medical equipment suppliers) within a given a period of time in order to avoid default
GL - General Ledger
record of financial transactions over the life of a company - holds account information that is needed to prepare financial statements, and includes accounts for assets, liabilities, owners' equity, revenues and expenses
P & L - Profit & Loss
financial statement that summarizes the revenues, costs, and expenses incurred during specific period of time
- Page 10/49 (Benefits & Constraints of various payment modes)
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