Medical Billing Forum

General Category => General Questions => Topic started by: margemib on October 19, 2008, 11:28:59 AM

Title: Keeping track of money coming in & out
Post by: margemib on October 19, 2008, 11:28:59 AM
What is the best way when starting out with a medical billing service from home to keep track of all incoming and outgoing transactions?
Is a certain software the way to go or just creating your own speedsheet?
Thanks
margemib ???
Title: Re: Keeping track of money coming in & out
Post by: Michele on October 19, 2008, 08:02:22 PM
I'm not sure what you mean by incoming and outgoing transactions.  Do you mean claims?  If so, you should have a practice management software to both submit the claims and track the payments.

Michele
Title: Re: Keeping track of money coming in & out
Post by: margemib on October 20, 2008, 07:50:56 AM
I'm sorry michele I meant my account receivables and payables, any advice, because we provide a service and I noticed most software (accounting) is geared toward someone selling a product. What is the best way to keep track with your own speedsheet in excel?
margemib ???
Title: Re: Keeping track of money coming in & out
Post by: Michele on October 20, 2008, 07:31:05 PM
I really don't know what to recommend.  We use quickbooks but that isn't my department so I really can't even vouch for how it does.  It seems to work well for us.

Michele