Key Practice specific functionality:
- Eliminates the need for a myriad of spreadsheets
- One 'mouse-click' transfer of records from Best Practice
- Calculates & records licence/service fees in seconds
- Can calculate licence/service fees down to an Item number
- Can calculate licence/service fees based on patient types
- Can Calculate fees on a Cash Received or Billings basis
- Enables the allocation of additional payments to Practitioners
- Enables patient receipts to be paid directly to Practitioners
- Automatically updates Cash Books & Accounting Ledgers
- Simplified Practitioner payments paradigm
- Condensed BP Reporting functionality
- Auto-generation of Fee invoices and Practitioner reports
- Auto-emailing of Practitioner reports
- Creation of aba filles for uploading of Practitioner payments to the Practice Bank
Key Accounting functionality:
- Cash Book
- Easy Bank reconciliations
- Practitioners Creditors Ledgers
- Password security
- Ability to interface with another accounting system
Best Practice Integration paradigm:
- Click of a button in Practice Accounts automatically:
- Creates Practitioner Names
- Creates Practitioner Specific Chart of Accounts
- Creates Bank Accounts
- Imports Bankings & Patient Receipts
- Creates Cash Book entries ready for reconciling to the Bank
- Creates Ledger entries
- After the service fee percentages are entered, clicking a button in Practice Accounts will automatically:
- Calculate Practitioner Fees and where applicable, Licence/Service Fees
- Create Creditor Ledger entries for each Practitioner
- Create all General Ledger entries
- Reports are available in Practice Accounts for:
- Practice Administration Fees
- Practitioner Net Fees
- Practitioner Banked Patient Receipts
- Practitioner Billed Fees
- Practitioner Payments
- Patient receipts - not yet banked
- BP Receipts reconciliation to PA
- Practitioner Creditors statements
- General Ledger Trial Balance
- Export coded Trial Balance
- Practice Performance Summary
- And many others
