Merit pay. Merit pay is a term that describes performance-related pay, most frequently in the context of educational reform or government civil service reform (government jobs). It provides bonuses for workers who perform their jobs effectively, according to easily measurable criteria.
Coinsurance is the percentage of your medical bill you share with your insurance company after youâve paid your deductible. Unless you have a policy with 100 percent coverage for everything, you have to pay a coinsurance amount. You have an â80/20â plan.
If it is not yet billed, but you can recognize revenue, then credit Revenue and debit Unbilled Revenue. If you cannot bill OR recognize revenue (which is the case if the services have not been delivered), it does not go on your financial statements. You can track sales backlog outside your accounting system.