Medical Practice Management
Nov 07

Physician A/R and credit balances

When printing an aging of accounts receivable, credit balances are included unless the computer is told not to include them.  When was the last time you printed an aging of accounts receivable for "only" the credit balance accounts. At least quarterly you should print an aging of the credit balances; if only to see how much you have in credit balances and to see how much these credit balances are suppressing your overall accounts receivable figure.

About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →