Running the Accountant's Earnings Report

The Accountant's Earnings report shows a breakdown of transaction codes posted. Using this information, SoftDent calculates your net collections, net productions, net charges, tax, and the expected income for the specified time period.

The first section of the report lists all transactions posted for the specified period, categorized by code number. It includes the codes, descriptions, number of times posted, and dollar total.

The second section of the report lists net collection and net production totals for the specified period, along with a tax summary. The tax summary only prints if you have tax enabled in the system settings, and it differs depending on the tax method your practice uses.

This report includes every transaction in the TRANS.DAT file, including dangling transactions.

Report Elements

NET COLLECTIONS = Total Collections + Increase Collections - Decrease Collections

Total Collections = Total dollar amount posted to collections (codes 1.00-20.89).

Adjust (Increase Collections) = Total dollar amount posted to adjustment codes 21.00-29.89, 96.00-96.89.

Adjust (Decrease Collections) = Total dollar amount posted to adjustment codes 30.00-39.89, 98.00-98.89.

NET PRODUCTION/CHARGES = Total Production + Total Charges + Increase Production/Charges - Decrease Production/ Charges

Total Production = Total dollar amount posted to production codes 100.00+.

Total Charges = Total dollar amount posted to charge codes 61.00-95.89, 97.00-97.89, 99.00-99.89.

Adjust (Increase Prod/Charges) = Total dollar amount posted to adjustment codes 40.00-49.89.

Adjust (Decrease Prod/Charges) = Total dollar amount posted to adjustment codes 50.00-60.89.

TAX SUMMARY - Tax Method 1 (based on collections)

Tax on Collections = Tax on collections posted (codes 1.00-29.89, 96.00-96.89).

Tax Credited back from adjustments = Tax credited on adjustments posted (codes 30.00-39.89, 98.00-98.89).

Tax Liability for this period = Tax on Collections - Tax Credited back from adjustments.

TAX SUMMARY - Tax Method 2 (based on productions) Tax Charged on Services = Tax charged on codes 40.00-49.89, 60.00-99999.89.

Tax Credited back from adjustments = Tax credited on adjustments posted (codes 50.00-59.89).

Tax Liability = Tax Charged - Tax Credited back from adjustments.