ABA Number

 Number on all checks that identifies a payer's bank and location

Accounting

Numerical language of business

Accounts Receivable

(AR)

Record showing what patients owe

Aging Report

Report that shows how long a debt has gone unpaid

Asset

Anything of value owned by a business

Balance Sheet

Report of the financial condition of a business

Bank Statement

Lists all banking activities for a set period

Blank Endorsement

Endorsement where only a signature is listed on the back of a check

Credit

Payment

Daysheet

Journal for recording the day's activities

Debit

Charge or debt owed

Encounter Form

(Superbill)

Formed used in the office for billing purposes containing ICD-9 and CPT codes.

Endorse

To sign a check

Federal Truth in Lending Act

Requires a statement that informa a patient of a procedure's total cost. Required if a patient makes more than 4 payments.

Fee Schedule

Listing of a physician's charges for services

Fair Labor Standards Act

Provides standards for payment of hourly and salary employees

Federal Employees' Compensation Act

Cogeral federal government workers for work-related injuries

Financial Statements

Reports that tell the financial condition of a business

Gross Wages

Money earned before deductions are taken out

Income Statement

Report showing result of income and expenses over time

Ledger Card

Record of debit and credit activity of a patient in the practice

Liability

Amount owed

Net Pay

Total amount of money paid for work minus deductions

Payable

Debts

Payee

Person who receives payment

Payer

Person paying a debt

Petty Cash

Cash kept on hand for miscellaneous supplies

Post Dated

Writing a future date (on a check)

Reconciled

Being in balance

Restrictive Endorsement

Indicates a sole purpose for funds on a check (for deposit only)

Statement

Shows the activity in an account

Statement-receipt

Receipt

Receipt-charge slip

T-account

Used to analyze the effect of a transaction on an account

Third-party check

Check signed over to another party who is not the original payee

Transaction

Financial activity

Workers' Compensation

Provides insurance to the employer for a worker injured on the job

Write-off

Amount of money not able to be collected