Collections Reporting

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canyonfalls1
Posts: 9
Joined: Tue Aug 07, 2012 4:37 pm

Collections Reporting

Post by canyonfalls1 » Thu Dec 17, 2015 8:18 am

Hello

I am currently working on figuring out our collections percentage. I run our annual production and income report and then divide the "Total Income" column by the "Total Production" column to get my results. Is there a better way to get these results or is there another report that I should be using to get a more accurate result?

Thanks!

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cmcgehee
Posts: 711
Joined: Tue Aug 25, 2015 5:06 pm
Location: Salem, Oregon

Re: Collections Reporting

Post by cmcgehee » Thu Dec 17, 2015 3:56 pm

It is difficult to get a meaningful collections percentage figure because the period that the collections occurs is different than the period that the production occurs. A number that is more helpful is the Collections Ratio. On our website in the last section of this page, http://www.opendental.com/manual/productionincome.html, there is an explanation of the significance of the Collections Ratio and the query used to calculate it.
Chris McGehee
Open Dental Software
http://www.opendental.com

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