In this module, Medical Office Administrative Assistants (MOAs) will learn essential skills for recording and managing financial transactions in a medical office. The focus is on recording cash disbursements, cash receipts, and patient charges in journals, preparing ledgers, and ensuring accurate financial records. Additionally, the module covers the preparation of patient statements of account, petty cash control, bank statement reconciliation, and completion of Revenue Canada and payroll remittance forms.

Knowledge Core Competency: Upon completing this module, you will understand the critical importance of maintaining accurate financial records in a medical office setting.

Objectives:

1. Explain the proper procedures for recording cash disbursements, cash receipts, and patient charges in journals.
2. Provide insights into preparing patient statements of account, controlling petty cash, reconciling bank statements, and completing Revenue Canada and payroll remittance forms.

Skill Core Competency: Upon completing this module, you will have the practical skills to prepare accurate financial records in a medical office.

Objectives:

1. Record cash disbursements, cash receipts, and patient charges accurately in journals.
2. Effectively prepare patient statements of account, control petty cash, reconcile bank statements, and complete Revenue Canada and payroll remittance forms.

Module Highlights: Understanding and mastering financial record management is crucial for the efficient operation of a medical office. MOAs play a vital role in ensuring the accuracy and integrity of financial transactions, which contributes to the overall success and compliance of the medical practice. This module equips you with the knowledge and skills necessary to excel in these responsibilities.