The administrative and accounting duties of the medical assistant may involve several aspects of financial control through the proper understanding and management of accounts receivable and accounts payable. The use of standard bookkeeping and banking procedures is necessary in order to maintain the business of the office in proper form. The tasks involved may include the following:

• Using daily logs of charges and receipts for patient accounts
• Depositing cash and checks in bank accounts
• Summarizing patient charges and receipts
• Reconciling bank accounts to the practice records
• Disbursing funds for petty cash and office purchases
• Managing payroll for employees
• Preparing tax forms for payroll processing
• Assisting with contracts of the practice