Knowledge Base | Vibrant Finserv

47. Diagnostic Centre: What are the key financial transactions that a Diagnostic Centre should record in Bookkeeping?

Diagnostic Centre

 

Sure, here are some of the key financial transactions that a Diagnostic Centre should record in bookkeeping:

1. Patient payments:

This includes cash, checks, and credit card payments received from patients for services rendered.

2. Accounts receivable:

This is the balance of money owed to the diagnostic center by patients for services that have been rendered but not yet paid.

3. Medical supplies and equipment:

This includes the cost of purchasing, renting, or leasing medical supplies and equipment used in the diagnostic center.

4. Utilities:

This includes the cost of electricity, water, and gas used by the diagnostic center.

5. Rent:

This includes the cost of renting the space that the diagnostic center occupies.

6. Salaries and wages:

This includes the cost of paying employees for their work.

7. Insurance premiums:

This includes the cost of health insurance, liability insurance, and other types of insurance premiums.

8. Marketing and advertising:

This includes the cost of advertising and marketing the diagnostic center to potential patients.

9. Depreciation:

This is the gradual decrease in the value of medical equipment over time.

10. Interest expense:

This is the cost of borrowing money to finance the diagnostic center’s operations.

11. Taxes:

This includes the amount of taxes owed by the diagnostic center to the government Diagnostic Centre

 

To visit: https://www.mca.gov.in/

 

 

For further details access our website: https://vibrantfinserv.com

Exit mobile version