This section will illustrate the journal entries required over the duration of a construction project using percentage-of-completion. In this post, we’ll define the percentage-of-completion method, walk through the formula, look at key journal entries, and discuss the major advantages and limitations of this approach. Completion percentage can be used to…

Interest (net of tax) on any debt assumed to be tendered shall be added back as an adjustment to the numerator. The numerator also shall be adjusted for any nondiscretionary adjustments based on income (net of tax). The treasury stock method shall be applied for proceeds assumed to be received…

For example, a $70,000 job with high health insurance costs might yield less net income than a $65,000 job with comprehensive benefits. This is a huge deal I have personally experienced when looking at jobs at startups. The health care costs can have a massive impact on net income and…

Providers need to gather and submit relevant documentation, communicate with the RAC, and potentially challenge audit findings. This work can divert resources from patient care and other healthcare accounts payable automation critical functions. According to the American Hospital Association, hospitals spend hundreds of thousands of dollars annually—sometimes millions—on RAC appeals,…