The Term Used to Describe Outstanding Accounts Is

The amount of money owed by customers or clients to a business after goods or services have been delivered andor used. Accounts receivable is a term used to describe the quantity of cash goods or services owed to a business by its clients and customers.

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5 Murphys Repair has the following outstanding account receivables at the end of the month.

. In your personal life an example of Accounts Receivable would be buying a ticket to a concert or sporting event for a friend with the understanding. The reduced cost and liability of 401 k plans appeal to employers. The longer the term the better the yield on the money.

The loan structure andor the borrowers credit score are typically better than the very worst loans but are still high risk. A large check has to be written out for a piece of expensive equipment. Ambulatory Payment Classification APC The OPPS utilized by Medicare and other government programs to provide reimbursement for hospital outpatient services.

An accounting term usually used together with returns. Accounts receivable aging is a report categorizing a companys accounts receivable according to the length of time an invoice has been outstanding. ALM See assetliability management.

401 k A retirement account to which an eligible employee can contribute a certain amount of his or her pretax salary. Claims outstanding can be calculated by Claims Outstanding Claims Against Assets Claims Settled. A gross estate value.

After-Tax Payable Period. The monthly late fee is 150 of the outstanding balance at the end of each billing month following the sale February sales receive a late fee in April if not paid by March 31. ALT-A A classification used to describe residential mortgage loans that are considered to be slightly less risky than subprime loans.

To close an account is to carry forward the balance to the next year at the end of the accounting period. They have also written the script and developed their dramatic skills in order to bring to life an outstanding moment in history against the stunning backdrop of Killerton House. An account can be considered the same as a customer.

Obtain a cashiers check from the bank. A systematic way of recording and reporting financial transactions for a business or organization. Some employers may match a stated percentage of employee 401 k contributions.

The company selling the equipment to the practice wants to make sure that the check will clear the bank. Accounts Receivable AR refers to the outstanding invoices a company has or the money it is owed from its clients. Appeal A request submitted to the payer by the hospital for reconsideration of a claim denial rejection or incorrect payment.

When the term is over it can be withdrawn or it can be held for another term. A large check has to be written out for a piece of expensive equipment the company selling the quipment to the practus wants to make sure that the check will clear the bank how can the office pay for the equipment and satisfied this seller. Under this meaning an account is another entity or person for whom a business acts as a supplier and with whom there may be an outstanding accounts receivable balance.

Generally there are significant penalties for early withdrawal. Term used to describe the number of days the account is outstanding from the date the claim or statement is sent. The relationship between physicians orders and patient care services is.

Gross estate is a term used to describe the total dollar value of an individuals assets at the time of their death. An accounting entry made into a subsidiary ledger called the General journal to account for a periods changes omissions or other financial data required to be reported in the books but not usually posted to the journals used for typical period transactions the cash receipts journal cash disbursements journal the payroll journal sales journal and so on the. The term used to describe the individual who is responsible to pay for medical services provided is.

Accounting ACCG Accounting ACCG definition. A time deposit also known as a term deposit is a money deposit at a bank that cannot be withdrawn for a certain term or period of time. Office money market account.

All patient care services are directed by the admitting physician through the physicians orders. The average period that a company has between receiving goods and paying its suppliers for the goods utilizing after-tax accounts payable and cost of sales values. How can the office pay for.

To keep a reserve fund of money for unanticipated expenses. Overdue owed owing payable unpaid unsettled astral bright. The Accounts Receivable Processes Explained.

A business may have hundreds or even thousands of accounts set up in its accounting system. Determine the total late fees due for the following. Cleared liquidated paid off or up repaid settled Outstanding.

Landing a sale refers to the initial close when you bring on a new customer for the first time. Accounts receivable AR Accounts receivable AR definition. Closing an account is passing the closing entry on the last day of the accounting period.

Sales reps need to land and expand in order to generate the most revenue from a given prospect. Refers to functions required for the monitoring and follow-up on outstanding accounts to ensure that reimbursement is received in a timely manner. Expanding means generating even more revenue from the account by upselling or broadening the scope of the service youre providing.

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