The process of verifying and matching posted charges and payments to the day's encounter forms and receipts is optional and can be done weekly instead of daily.
False
True
The correct answer is false. End-of-day reconciliation is an essential daily task in a medical office to ensure that all financial transactions (charges and payments) for the day are correct and accounted for. It helps in identifying discrepancies immediately, allowing for corrections to be made in a timely manner, which is crucial for accurate bookkeeping and cash flow management. Not reconciling daily can lead to errors accumulating, which may result in financial losses or complications.
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