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Category: Bookkeeping

What is Accounts Receivable in Medical Billing

Unless a patient has saved money in a Health Savings plan, the doctor must compete for the dollars that a patient has for every other discretionary expenditure. And as you can probably guess, patients are not very reliable when it…

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Depreciation Journal Entry Step by Step Examples

According to the straight-line depreciation method, the depreciation expense will be $1,000 per year. It’s easy to slip up, but if you know what to watch out for, you can avoid these errors and keep your financial records accurate. These…