Medical Billing Forum

Payments => Insurance Payments => Topic started by: Trisha on May 29, 2009, 04:47:44 AM

Title: posting payments
Post by: Trisha on May 29, 2009, 04:47:44 AM
when posting should i be using the date of the check as date of payment or the date the payment is entered.

Thank you!
Title: Re: posting payments
Post by: Michele on May 29, 2009, 06:10:24 AM
I personally use the date I am entering the payment, but you just need to decide how you are going to do it, then be consistent. 

Michele
Title: Re: posting payments
Post by: PMRNC on May 29, 2009, 06:55:54 AM
I use the date payment is posted because the date the check was written really isn't efficient.. you know people back date checks to make it look like they paid on time and of course many will also put wrong date by accident. The date posted also shows you received it and is more accurate for reporting purposes.
Title: Re: posting payments
Post by: Denise35 on May 29, 2009, 11:02:40 AM
Hello Trisha,

I use the date the check was write up on the deposit ticket.  For example, if a was check rec'd and posted on the deposit on Tuesday and Im just entering it into the system today, I use Tuesday date because I want the collections report and deposit tickets to balance.  I do it this way to keep track of daily deposit ticket//total and for future reference purposes.  The day sheet will not balance but all the other reports will.   

For any electronic ra's, I use the date on the electronic remittance advice.  Much easier for me to go back and research that way.

I hope this helps,,

Denise35
Title: Re: posting payments
Post by: Pay_My_Claims on May 29, 2009, 03:30:11 PM
when posting should i be using the date of the check as date of payment or the date the payment is entered.

Thank you!

I use the date that I am posting. Are you in-house or working on your own.
Title: Re: posting payments
Post by: Trisha on May 30, 2009, 10:10:35 PM
thanks for all the help, i really appreciate it! I am working on my own.
thanks again, i am glad that you are all here to help!

Trisha