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Why is it never acceptable to discuss matters relating to the patients in your care outside the clinical setting?
Accounts Receivable
Monies owed to a company by customers for products or services that have been delivered or used but not yet paid for.
Aging the Accounts
The process of categorizing and reviewing accounts receivable based on the length of time an invoice has been outstanding.
Adjusting Entry
A journal entry made in accounting records to update the balances of accounts at the end of an accounting period.
Bad Debt Expense
An estimate of receivables that a company does not expect to collect, recognized as an expense in the income statement.
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