Collection Agency Entries

(Utica, NY )

Our office uses "The Therapist" software by Beaver Creek for our accounting. When we receive a payment from the collection agency, it is entered into our accounts receivable. My question is, how do we enter the payment on the patient's account? It seems to me it should also be reflected on the individual patient's account, or isn't that necessary?

Hello,

Thank you for your inquiry.

I've always used QuickBooks but most accounting software are fairly similar. In QuickBooks, when you are entering a payment into Accounts Receivable, you are able to also enter the patient name so that the patient account is updated at the same time. You will definitely want the payments reflected in the individual patient accounts for billing purposes.