Interest From Ins. Co
Interest From Ins. Co
On occasion, we get interest from an insurance company for late payment. How do we record that into OD? I don't want to credit it to a patient's account. Ideas?
Re: Interest From Ins. Co
I am also interested in this, as I get these occasionally. I would probably make a new non-patient ("Mr. Insurance Interest") and have him enter check payments. A bit ugly, but...
Re: Interest From Ins. Co
In our office we just process it normally on the patient's account. We then have a negative balance (like we owe the patient the amount of interest paid). Then we make an adjustment called "Finance Charge" for that same amount to bring the account to $0.
Jorge Bonilla DMD
Open Dental user since May 2005
Open Dental user since May 2005