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All About Accounting (11)

How Does Your Skilled Nursing Facility’s Bad Debt Expense as a Percentage of Revenue Measure Up?

One of the most common questions we get from our skilled nursing facility clients is, “How does my facility’s bad debt expense as a percentage of revenue compare to industry averages?”
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How Long Term Care Facilities Can Better Manage Receivables and Collections

Collection of receivables is one of the toughest financial challenges that a long term care facility faces. Delinquent receivables can create short-term and long-term cash flow issues — and the financial viability of your facility.
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Guidance for Protecting Your Overhead Rate from Overzealous Auditors

If your architecture, engineering or construction firm has been contracted to provide services to state or local governments, it’s imperative that you understand your firm’s indirect cost rate and how to navigate the FAR and AASHTO Audit Guide.
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Unallowable Expenses and the Art of Lost Revenue and Profits

It’s unfortunate when government contractors lose revenue and profits because they lack controls, policies and processes for submitting allowable cost claims. Adding 10% or more to your top line could be as simple as doing more training or more review...
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How Government Contractors Can Avoid Unallowable Costs

A few years ago we were hired by a government contractor to help them with a pretty big problem: their auditor disallowed over $100,000 in costs, and consequently, the business took a 5% hit to their indirect cost rate.
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Best Practices for Government Contracting Time Reporting and Time Keeping

A few missed policies here, a lack of training there, a few insufficient time entry explanations later, and it’s simple to get an overhead rate that’s going to hurt your pocketbook when you do business with the federal or state government. One of the...
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