In the Main Menu, click Tools, Billing/Finance Charges.
The Billing and Finance Charges tool is used to apply finance or billing charges to an Account. The charges will be applied to all guarantors that meet the filtering criteria entered on this window. Users must have the Setup permission to access this window.
Finance charges: Apply a percentage charge (APR) to the account balance. This charge is calculated against the entire balance, not just the patient portion, so you may want to carefully review pending insurance before and after running finance charges. It is recommended that you run it every month for an accurate APR.
Billing charges: Add a flat charge to the account.
If the account has an Installment Plan setup for any family member, the installment plan's APR is used instead of the APR set here.
To see all the finance charges that were applied, run the Finance Charge Report.
Use the Undo button to undo your most recent charge (finance or billing). All adjustments made on the same date, which have the same adjustment type, will be deleted. To undo finance charges for a different date, you must manually go into each account and delete the individual adjustment. Use the Finance Charge Report to identify the adjustments made on that date.
To apply both finance and billing charges to an account, you will run the finance/billing charge tool twice on the same day, once per month. You will still do daily billing.