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Published at Monday, May 24th 2021, 10:38:25 AM. Bill Spreadsheet By Lolita Sutton. Most practice management systems today have production or practice performance reports that will have most of the above information (charges, adjustments, collections, A/R, encounters). I typically review the last page of a report and pull the monthly totals for the 12-month period for each category. The drill-down detail is helpful once you have identified a trend or "red flag," but not needed for the initial analysis. Also, most A/R aging analysis reports will have the A/R balance and the "buckets" or number of days the balance is spread across. Step 2: Input data into "dashboard" tool (spreadsheet) Once you have that "raw" data, you need some sort of analytical tool to make sense of the information-that is, bring the numbers to life and tell your practices story. I typically provide my presentation attendees with a tool Ive created-called the "dashboard-which they can take back to their practices and utilize immediately. This "dashboard" is a spreadsheet that allows you to input your data and then calculates ratios into an easy-to-read format that can be shared with your owners, supervisors and billing staff. In the spreadsheet, input your data into the green cells only. The blue, grey and purple cells have preloaded formulas that automatically calculate averages and ratios to help you measure your billing performance.
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Published at Monday, May 24th 2021, 08:14:25 AM. Bill Spreadsheet By Doris Poole. Before you can budget you need to gather a list of all of your monthly bills properly record them and then add them up. Before you create a budget get control of what that budget should be. Online banking has helped tremendously with this step. If you have a home accounting program like Quicken or Peachtree you can download your banking data right into those programs. They will even guess what category you assign each bill to. The good news about software programs is that they work. The bad news is that they break, they cost money, you have to learn how to use them, and then they require you to upgrade to stay current. But again... they work.
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