billing methods

How Is Payment Posting In Medical Billing?

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How Is Payment Posting In Medical Billing? Insurance Payment Posting: All payers either send an EOB (explanation of benefits) or ERA (electronic remittance advice) towards the payment of a claim. The medical billing staff posts these payments immediately into the respective patient accounts, against that particular claim to reconcile them. What are the steps in

What Is The Journal Entry For Billing A Customer?

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What Is The Journal Entry For Billing A Customer? Answer: The journal entry when someone is billed is: General Journal. Debit. Credit. What is the journal entry for billed? In short, you record the bill or invoice by debiting either an asset or an expense account, and by crediting accounts payable. When you pay the