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Dear Client
Financial controls and checks and balances are in place in any business whether run by a manager or owner, or whether it is in the retail, wholesale or service industry. These controls ensure time optimisation, smooth running, efficiency and of course, a positive cash flow.
Large companies are likely to use income statements, trial balances, bank reconciliations or even till slip totals to ensure accuracy of systems within their operation. Similarly, our PMA (Practice Management Applications) products generate reports for you as the manager or owner to keep a tab on your business.
DHS Becomes Bytes Healthcare Solutions
Digital Healthcare Solutions, a wholly-owned Bytes Technology Group subsidiary and the owner of Med-e-Mass, has changed its name to Bytes Healthcare Solutions.
Roy Watson's Column
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Stakeholders cry foul at NHRPL timing
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Transparency to the fore in Act amendment
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CPIX inappropriate pricing measure, say hospitals
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Department calls on colluders to confess
Med-e-Mass KZN helps non-profit clinic to develop by sponsoring training, installation and setups of Elixir in the clinic.
The Ramakrishna Clinic of South Africa opened a facility at 17 Foresthaven Drive in Foresthaven, Phoenix on Sunday 28 October 2007. This facility will complement services provided by the State institutions in the region.
Med-e-Mass seen at the 94.7
See the photographic evidence...
PREVENT BAD DEBT - MANAGEMENT EDI CONTROLS
AND FOLLOW UP
Electronic claiming and account reconciliation should be a simple process, yet many practices fail to follow the crucial administrative processes that should be the backbone of any debtor management office or department...
PROTECTING YOUR BUSINESS - THE IMPORTANCE OF DAILY AND MONTHLY REPORTS
Apart from the basic control systems and procedures that have to be enforced within each practice, there are other tools to facilitate efficiencies such as reports like the daily audit trails, age analysis, payments received, unallocated fees, outstanding claims per scheme, etc
CHECK YOUR BANK BALANCE
Doing bank reconciliation is probably one of the most important aspects of your business. There is no point in fussing about claiming, transaction checks and follow up if this aspect of your debtor/admin control is neglected.
BE AWARE
– Journals
In large companies the normal practice is that all journal entries have to be authorised or catered for in some type of control system. This is not so common in smaller practices.
