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By Tammy Hoang, Certified QuickBooks ProAdvisor ASC revenue recognition is the accounting rulebook that decides when and how much revenue an ambulatory surgery center puts on its books. In our first article we walked through the revenue cycle — how a surgery center's money moves from billed charge to collected payment. This guide goes a layer deeper, into the accounting standard behind that cycle: whether a surgery center should use cash or accrual accounting, and how the ASC

By Tammy Hoang, Certified QuickBooks ProAdvisor For an ambulatory surgery center, the single biggest source of bookkeeping confusion is revenue — and specifically, the gap between what you billed and what you will actually collect. ASC revenue cycle bookkeeping is not like a retail business where a sale equals cash. A surgery center bills an insurer one amount, gets paid a contracted amount that is often far lower, and waits weeks or months for the money to arrive. If your bo