Looking back on 2009, and ahead to 2010

Use AVImark to track your dollars and cents.
By Barbara Betsch

It's time to make your New Year's Resolution! And the best place to start is with a snapshot of last year's productivity.

AVImark's reports help you view multiple aspects of your business, helping you better understand your transactions during 2009. Some great reporting options include:

• The Period Totals Report shows a condensed financial overview. Different aspects of the year are represented in this report, such as average invoice total for specific time periods, state and local taxes, total payments received by type, and the totals for the provides production (paid and unpaid charges on posted accounting).
• The Inventory Report shows stock value which is the on-hand quantity multiplied by the average cost of an item. To find the value at the end of the year or the beginning of business on the first working day of the New Year. ( You can't go back and print this report for a date in the past, as AVImark does not store past on-hand quantities.) This report also shows other information about your inventory items, including unit and package costs and selling price. If your fiscal year does not follow the calendar, you can select your fiscal year starting date in the Advanced Options of Hospital Setup.
• The Transaction Summary Report lists quantitative data about the codes that are entered into medical history and then posted to accounting. Details such as income generated, usage expense, and the percentage that each code contributed to its category total can be located on this report.

As your trusted partner, committed to your success, we want to help you use these reports so you can develop a better understanding of where you have been, where you stand and where you want to go.

Please contact our technical support for any assistance or additional questions.

Barbare Betsch is an AVImark/MSS senior technician at MSS and is full of resolutions for 2010. You can reach Barbara at barbarab@avimark.net .