Published at Saturday, March 27th 2021, 17:40:53 PM by Leanna Everett. Budget Spreadsheet. Checkbook registers come in many sizes, shapes, and colors; yet, for all of their physical diversities, their only function is to provide information about your bank account. And since you are basing your lifestyle on the amount of funds in your bank account; it would behoove you to have an accurate account. Remember, you are the first line of defense against potential problems that can arise from having misinformation. Of course, you can be like our friend above who waited and had his card returned, deflated and useless only then to realize that there is a serious problem. First, you must balance your checkbook. You can either use software, or pen and paper to accomplish this task. Now, if the concept of balancing a checkbook eludes you, just search the internet on how to balance your checkbook. And, as you balance your checkbook, you should pay particular attention to missed transactions, bad math, or any unexpected transactions. I remember that on one occasion I had recorded an unexpected deposit as a withdraw in my checkbook register. So, to my chagrin, my $150.00 deposit became on paper, a $300.00 withdraw.
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Published at Monday, May 24th 2021, 18:09:22 PM. Bill Spreadsheet By Freda Hernandez. 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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