ACCOUNT RECEIVABLE TRANSACTION CYCLE

PHIC exe HIS

Patient with Guarantor

PHILHEATH Company/HMO/ Promissory Credit Card

Employee Note

PHIC Outright Post AR Transfer Apply Promissory Cash Receipts

Deduction Note
Make sure official
receipt is fully
applied before
PHIC Filing Billing Schedule / Print proceeding in
Optional** HMO billing batch posting
Statement of Account

PHIC Transmittal
No Entry (PF):
(Billing to PHIC) Note: Reflection of Entry – Upon payment of
PHIC customer (PHIC)

Batch AR Posting Batch PF Posting Batch AR Posting

PHILHEALTH PHILHEALTH FMS GUARANTORS

Journal Entry:
Accounts Receivable PHIC-Entity XX
AR – Patient – Patient Type XX SUBSIDIARY LEDGER

Journal Entry:
AR – Customer Type – Patient Type XX
AR – Patient – Patient Type XX

Waiting for the Collection

Note:
Beginning Balances of AR, Rental Receivables and Other Accrued Income is manually created in FMS exe
>>> Accounts Receivable Module

BizBox Incorporated | Antel Corporate Center, 121 Valero Street, Salcedo Village, Makati, Philippines 1227 ◦ +632.750.3967 to 69 ◦

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