My A/R report shows a credit balance “bucket”. Should I subtract that amount out of my 0-30 days bucket in order to make the total balance out?
Some practice management programs will calculate a correct total, taking into account that credit balance. If yours does that, no adjustment is needed. If your system ignores the credit balance, and just adds up the other buckets for its total, then just subtract the credit balance from your total and submit the buckets as they are, with the adjusted total A/R so that the buckets added together equal the total A/R figure. Q: Our PM system tracks AR cumulatively. We have written off to bad debt all balances prior to 1/1/2006. When I run the AR reports for end date 12/31/2007, FY 2006 AR is included in that data. Does this meet the requirements for entering AR data for the survey purposes, or do I need to try to calculate AR for services performed only in FY 2007? A: Enter the amount of your A/R on 12/31/2007 should be entered, even if some of that money was for services performed in 2006. Many practices will still have some A/R from 2006 on their books as of the end of 2007, so your sit
Some practice management programs will calculate a correct total, taking into account that credit balance. If yours does that, no adjustment is needed. If your system ignores the credit balance, and just adds up the other buckets for its total, then just subtract the credit balance from your total and submit the buckets as they are, with the adjusted total A/R so that the buckets added together equal the total A/R figure. Q: Our PM system tracks AR cumulatively. We have written off to bad debt all balances prior to 1/1/2008. When I run the AR reports for end date 12/31/2009, FY 2008 AR is included in that data. Does this meet the requirements for entering AR data for the survey purposes, or do I need to try to calculate AR for services performed only in FY 2009? A: Enter the amount of your A/R on 12/31/2009 should be entered, even if some of that money was for services performed in 2008. Many practices will still have some A/R from 2008 on their books as of the end of 2009, so your sit
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