Post the Interest/Penalty
Auto-Apply Interest on ERAs
Release v4.8 Interest can be Auto-Applied on ERAs. The Transaction Codes for Interest are: IIP: Insurance Interest Payment Credit IID: Insurance Interest Payment Debit Encounter Level If the Interest is reported on the Encounter level, it will post ...
Manually Post Interest or Penalty
Post Interest to an Interest Account Create an Interest Account: Setup for Manually Posting Interest and Penalty. Set up an Interest Payment and an Interest Adjustment Transaction Code if it has not already been done. If you do not have an Interest ...
Setup for Manually Posting Interest and Penalty
Set up an Interest Adjustment Transaction Code Create a custom Transaction Code to adjust the Interest/Penalty off the current A/R depending on your accounting practices. An alternative is to enter a Charge for the same amount as the Interest, but ...