Bank Accounts: Configuration

The Bank Accounts feature in MediRecords gives practices a central place to manage all financial accounts connected to billing and payments. From this page, you can view, create, edit, or deactivate both practice-level bank accounts (used for the general ledger) and provider-level accounts (ideal for facilities running a provider revenue model).

Keeping bank account details up to date ensures smooth payment processing, accurate reporting, and compliance with your financial workflows. Whether you need to assign a new account, adjust details, or deactivate one that’s no longer in use, everything can be managed quickly from the Bank Accounts settings in MediRecords.

In this article, you will learn how to create, edit, delete, deactivate, and reactivate bank accounts, as well as the difference between practice-level and provider-level accounts.

The settings for Bank Accounts are located within the Accounts section of the Settings page of MediRecords.

Contents:

1. Practice vs Provider Bank Accounts
2. Opening the Bank Account List
3. Creating a Bank Account
4. Editing a Bank Account
5. Deleting a Bank Account

6. Deactivating/Reactivating a Bank Account

Practice vs Provider Bank Accounts

Practice Level Bank Accounts

Accounts that are associated with an entire practice general ledger. Any changes to this account will reflect in the general ledger for the associated account in the journal.

Provider Bank Accounts

If your practice operates under a Facility-fee model, any revenue generated from the invoices of a provider will be paid directly into their bank account. To reflect this in MediRecords, you can set up a bank account for the provider, associate it with their general ledger account, and adjust their account preferences accordingly.

Opening the Bank Account List

1. Click More
2. Click Settings
3. Click Accounts
4. Click Bank Accounts

Creating a Bank Account

To add a New Bank Account, click New Bank Account.

Complete the New Bank Account form, and click Save.
The bank account will now appear in the summary of linked bank accounts.

Editing a Bank Account

To edit an existing Bank Account, tick the box next to the account name and click Edit Bank.
Edit the banking details required, and click Save to apply the changes.

Deleting a Bank Account

To delete a Bank Account, tick the box next to the account name and click Delete.

Click Yes to acknowledge that the bank account will be deleted.

Deactivating/Reactivating a Bank Account

To deactivate a Bank Account, tick the box next to the account name, click Status and then Deactivate.

To Activate a Bank Account, tick the box next to the account name, click Status and then Activate.
 

If you need further assistance please contact support on 1300 103 903 or email at support@medirecords.com