Denticon recommends a dental organization perform regular and periodic Close Outs to ensure the accuracy of all recorded transactions.
The function may be accomplished:
- Click the word “Setup” and select the “Close Out” option from the drop-down list
- Define the desired Close Out date
- Click the Close Out button
This most important financial activity:
- Locks the financial data for every Responsible Party account
- Affects all accounts, no matter if the account
- owes money to the office
- has a $0 balance
- has an account credit
- May be done at any time, as often as the office desires to protect the office's data (daily, monthly, quarterly)
- Protects the integrity of the financial data
- Reports are assured to remain accuracy
- Staff cannot edit to manipulate the recorded financial information which is recorded prior to the Close Out Date, yet Adjustments to correct overlooked non-posted transaction are allowed for the current date