Bookkeeping

2. term used by a business when referring to money owed to that business by a customer
4. credit entry made on an account to decrease a balance owed to the medical office
6. a record of an account sent to the account holder
7. to deduct, to change; a charge added to an existing balance
8. The total amounts owed by the practice to suppliers and other service providers for regular business operating expenses.
9. anything owned that has exchange value; all the entries on a balance sheet that show the property or resources of a person or business; the money and items of value in a business
10. a small amount of cash available for small business expenses used for postage stamps inexpensive office supplies, and small charitable donations, usually maintained in a locked container
12. the difference between an amount due and an amount paid
13. the transfer of information from one record to another
14. occurs when the amount paid is greater than was due or the account is being paid in advance of service provided
15. a document that represents proof of a financial transaction

1. debts or accounts payable owed by the business
3. occurs when the amount paid is less than the total due
5. money placed into a deposit account at a bank
7. sheet form used for recording all daily financial transactions of charges made and payments received.
8. All the outstanding accounts; a reporting system to see who has not paid on his or her account.
11. a payment subtracted from existing balance
13. a record of all charges or services rendered for one patient