We are a medical provider who uses a third party biller. The biller creates the billing, sending out the invoices/statements to clients, patients, and insurance companies. Payments are made to a lockbox that the biller posts to the corresponding accounts. On our end, we see the money desposited into the bank account, and currently, we book it solely as revenue without any type of A/R or asset account.
How would a JE go for logging the A/R from the biller? Conversely, how would the deposits, that areget applied against the JE?