Certified Medical Administrative Assistants (CMAA) Practice Exam 2025 - Free CMAA Practice Questions and Study Guide

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What is the general process for managing payments received by mail?

Record daily

The process for managing payments received by mail generally involves recording the payments daily. This is important for maintaining accurate financial records and ensuring that all transactions are accounted for promptly. Daily recording helps prevent discrepancies and provides a clear and up-to-date financial picture of the practice's income. By documenting each payment as it is received, the administrative staff can more effectively manage cash flow, follow up on any outstanding invoices, and ensure that all payments are processed in a timely manner.

On the other hand, while depositing weekly, tracking monthly, or auditing quarterly may be valid processes in different contexts, they do not directly address the immediate need to document each payment as it is received. Recording daily ensures that no payment is overlooked and facilitates a smoother overall accounting process.

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Deposit weekly

Track monthly

Audit quarterly

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