Healthcare
Third-Party Payer Settlement (True-up)
Adjusting the books at year-end when final insurance/government reimbursements are confirmed.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Patient Service Revenue | Revenue (+/-) | - | 500.00 |
| Estimated Third-Party Settlements | Asset/Liability | 500.00 | - |
💡 Accountant's Note
Insurance payments are often 'estimated' until a final audit is done by the payer. This entry 'trues-up' those estimates.
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