Keeping track of money coming in & out

[margemib]

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

[Michele]

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

[margemib]

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

[Michele]

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

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