Entering charges and payments to a patient account is known as what process?

Entering charges and payments to a patient account is known as what process?

• A. Posting
• B. Debit
• C. Aging schedule
• D. Credit

Answer: (A)

Posting is the act of recording charges and payments to the patient’s account in the practice management system, updating the patient ledger and balance. When charges are entered, they appear as debits increasing what the patient owes; payments are entered as credits reducing the amount due. An aging schedule is simply a report showing how long balances have been outstanding, and debit/credit describe the nature of individual entries rather than the recording process itself.

Posting is the act of recording charges and payments to the patient’s account in the practice management system, updating the patient ledger and balance. When charges are entered, they appear as debits increasing what the patient owes; payments are entered as credits reducing the amount due. An aging schedule is simply a report showing how long balances have been outstanding, and debit/credit describe the nature of individual entries rather than the recording process itself.