Closing the fiscal year in accordance with Generally Accepted Accounting Principles helps you maintain accurate patient data (such as aging account balances), moves procedures into history (providing solid documentation if you’re faced with litigation), and resets patient insurance benefits (ensuring accurate insurance estimates).
On December 18th Henry Schein Practice Solutions presented the Year End Process webinar. This webinar taught how to close each month up to and including year end, interpret key year-end report data, and calculate accounts receivable for the year.
If you missed the live webinar or want to review the valuable information presented, please log in to the Dentrix Resource Center to view the webinar recording. Access to the Resource Center is free for Dentrix practices on a customer service plan.
For more information about closing the fiscal year, read the Closing the Year newsletter article and log in to the Dentrix Resource Center and look up article #15244 or 35525 on the Knowledgebase tab. For more information about year-end reports, click the Manuals tab in the Resource Center and download a pdf copy or order a printed copy of the Dentrix Reports Reference.