Written by Reed Tinsley |
November 7, 2007
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 the Author
Reed Tinsley CPA
This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on
accounting & tax,
practice management, and
financial planning.
Schedule a Free Consultation.
Have questions? I’m here to help.
