Medical Office Management Final Project Kaplan University Essay

Research and describe the three types of bookkeeping systems. Which of the three systems do you think would be the easiest to work with in the aesculapian smudge? (Peg Board, hit instauration, Double Entry) Why? Single door is similar to a chequebook register. It only has one line entered in the journal for each performance. Each transaction is recorded in the one newspaper column of the account. It is either a positive or a negative amount in the order to represent the receipt or disbursement. Single entry is extremely unanalyzable and easy to use. The concept of double entry is in every transaction in that respect are two set up. These two effects are known as calculate (Dr) and Credit (Cr). Accounting system is found on the principal that for every account entry, there provide always be an equal Credit entry. This is known as the Duality Principal (Accounting-Simplified). Debit entries include, amplify in assets, Increase in expense, diminish in liability, go dow n in equity, and decrease in income. Credit entries include, decrease in assets, decrease in expense, increase in liability, increase in equity, and increase in income. Double entry is recorded in every manner that the account equivalence is always balanced out evenly. One-Write ashes or Pegboard provides convenience in underwrite writing that is not available in computer systems. Checks can be write instantly, when needed, either inside or extracurricular the office. The One-Write System Check Register provides an close copy of every check scripted for posting to the computer after the circumstance (inkoneverything). Pegboard is very useful in the heathcare/medical world. It is a single form that assures the hoard charges and payments are recorded correctly on all other forms. In my opinion, I would like to work with the pegboard system. It may be a little harder to learn besides I think it would be deserving it. It has everything you need to keep an office or clinic runni ng smoothly financially wise. Everything willing be in the system and it will be easy to look it up. ReferencesAccounting-Simplified. ideal of Double Entry. Retrieved from http//accounting-simplified.com/double-entry-accounting.html Southern California. One-Write Systems (Pegboard). Retrieved from http//www.inkoneverything.com/pegboardaccountingsystem.html QuickMBA. Accounting. Single Entry Bookkeeping. Retrieved from http//www.quickmba.com/accounting/fin/single-entry/