logo image

ch 63 financial management in the dental office

Accounting
a system designed to maintain the financial records of a business
Accounts payable
expenses and disbursements paid out from a business
Audit trail
method of tracking the accuracy and completeness of bookkeeping records
Bonding
form of insurance that reimburses an employer for loss resulting from theft by an employee
Carrier
the insurance company that pays the claims and collects premiums
Change fund
fixed amount of cash
Check
a draft or an order drawn on a bank account for payment of a specified amount of money
Check register
record of all checks issued on and deposits made to a specific amount
Coordination of benefits (COB)
coordinating insurance coverage between two insurance carriers
Current Dental Terminology (CDT)
publication that lists the procedure codes assigned to dental services for the processing of dental insurance
Customary fee
a fee is wintin the range of the usual fee charged for the service
Deposit slip
an itemized memorandum of funds to be deposited into the bank
Disbursements
payments on any outstanding accounts payable
Expenses
the overhead costs of a business that must be paid to keep operating
Fixed overhead
business expenses that are ongoing
Goss income
the total of all professional income received
Invoice
an itemized list of goods that specifies the prices and terms of sale
Ledger
a financial statement that maintains all account transactions
Net income
gross income minus expenses
Packing slip
an itemized listing of shipped goods
Payee
the person (orbusiness) named on the check as the recipient of the amount shown
Pegboard system
a manual bookkeeping system
Petty cash fund
a limited amount of cash that is kept on hand for small daily expenese
Posted
describes the documentation of money transactions within a business
Provider
the dentist who provides treatment to the patient
Reasonable fee
a fee that is considered justified for an extensive or complex treatment
Responsible party
person who has agreed to pay for services or for an account
Statement
a summary of all charges, payments, credits, and debits for the month
Transaction
any charge, payment, or adjustment made to a financial account
Usual fee
a fee that the dentist charges for a specific service
Variable Overhead
business expenses that change depending on the types of services neede
Walkout statement
a written indication of any balance due on an account, given to a patient as he or she leaves the practice at the end of an appointment

Need essay sample on "ch 63 financial management in the dental office"? We will write a custom essay sample specifically for you for only $ 13.90/page

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy