What shows outstanding balances?

What shows outstanding balances?

• A. Aging report
• B. Ledger balance
• C. Remittance advice
• D. Payment register

Answer: (A)

Tracking outstanding balances means identifying accounts receivable that are still unpaid and noting how long they’ve been due. An aging report does this by grouping receivables into aging categories (such as current, 30 days, 60 days, 90 days, etc.) and showing the amount owed in each category. This makes it clear which accounts are past due and by how much, so the practice can prioritize collection efforts and forecast cash flow. The other options serve different purposes: a ledger balance is the current balance of a general ledger account, not a focused view of unpaid patient balances by age; a remittance advice provides details about payments from payers, including adjustments; a payment register lists payments received and posted, not the status of outstanding receivables.

Tracking outstanding balances means identifying accounts receivable that are still unpaid and noting how long they’ve been due. An aging report does this by grouping receivables into aging categories (such as current, 30 days, 60 days, 90 days, etc.) and showing the amount owed in each category. This makes it clear which accounts are past due and by how much, so the practice can prioritize collection efforts and forecast cash flow. The other options serve different purposes: a ledger balance is the current balance of a general ledger account, not a focused view of unpaid patient balances by age; a remittance advice provides details about payments from payers, including adjustments; a payment register lists payments received and posted, not the status of outstanding receivables.