Author Topic: Keeping track of money coming in & out  (Read 1489 times)

margemib

  • Full Member
  • ***
  • Posts: 210
Keeping track of money coming in & out
« 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 ???
Margie Finlay CMRS

Michele

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4766
    • Solutions Medical Billing
Re: Keeping track of money coming in & out
« Reply #1 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
Sign Up for our FREE Medical Billing Newsletter
Get a 10% discount on Medical Billing Products by using Coupon Code: 10OFF
http://www.solutions-medical-billing.com

margemib

  • Full Member
  • ***
  • Posts: 210
Re: Keeping track of money coming in & out
« Reply #2 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 ???
Margie Finlay CMRS

Michele

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4766
    • Solutions Medical Billing
Re: Keeping track of money coming in & out
« Reply #3 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
Sign Up for our FREE Medical Billing Newsletter
Get a 10% discount on Medical Billing Products by using Coupon Code: 10OFF
http://www.solutions-medical-billing.com