Certified Medical Administrative Assistants (CMAA) Exam 2025 – 400 Free Practice Questions to Pass the Exam

The accounts receivable ledger is specifically designed to track the amounts owed to a medical practice for services rendered. This ledger keeps detailed records of all patient invoices, payments made, and outstanding balances. When a service is provided, it is recorded in this ledger, which highlights both individual patient accounts and the total amount owed to the practice. This is crucial for financial management, as it allows the practice to monitor collections, follow up on unpaid invoices, and maintain accurate financial reporting.

The general ledger, while essential for overall financial tracking, encompasses all accounts—assets, liabilities, revenues, and expenditures—rather than focusing solely on amounts receivable. The transactions ledger records the details of all transactions but does not specifically highlight the outstanding funds owed to the practice. The expense ledger tracks the costs incurred by the practice, not the income or receivables. Thus, the accounts receivable ledger is the most accurate reflection of funds owed to the practice for services provided.