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Medical Billing Forum
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(Moderators:
Alice Scott
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Michele
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Keeping track of money coming in & out
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Topic: Keeping track of money coming in & out (Read 4484 times)
margemib
Full Member
Posts: 209
Keeping track of money coming in & out
«
on:
October 19, 2008, 02:28:59 PM »
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
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Margie Finlay CMRS
Michele
Administrator
Hero Member
Posts: 5927
Re: Keeping track of money coming in & out
«
Reply #1 on:
October 19, 2008, 11:02:22 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
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margemib
Full Member
Posts: 209
Re: Keeping track of money coming in & out
«
Reply #2 on:
October 20, 2008, 10:50:56 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
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Margie Finlay CMRS
Michele
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Posts: 5927
Re: Keeping track of money coming in & out
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Reply #3 on:
October 20, 2008, 10:31:05 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
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Medical Billing Forum
Re: Keeping track of money coming in & out
«
Reply #3 on:
October 20, 2008, 10:31:05 PM »
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Medical Billing Forum
»
General Category
»
General Questions
(Moderators:
Alice Scott
,
Michele
) »
Keeping track of money coming in & out