Entering Accounts Receivable Balances

PracticeWorks uses a balance forward accounting system, which means that the balance on an account always consists of the most recent charges. It does not use the open item accounting system in which you apply payments to specific procedures. Since you enter the patients’ account balances, not their histories, into this part of the system, you should keep your old ledger files for reference until these balances are verified.

 

Related Topics

Entering Starting Balances

Entering Balances from Ledger Cards

Entering Balances from an A/R Report

Aging Account Balances

Dividing Balances by Producers

Resolving an Accounts Receivable Mismatch

Managing Collections