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How to Deal with Unbilled Receivables and Contract Revenue Calculations

Contractors may have unbilled receivables for a variety of reasons. Here are some examples, as well as a few tips on how to deal with them.

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Your 2019 Budget – Top Down or  Bottom Up?

Is your budget a Bottom Up or a Top Down plan of revenue and expenses? The method used will most likely will determine how the plan is executed. Are the federal markets you serve aligned with federal spending upticks? Is your budget an achievable “visionary” plan or status quo? Is your plan designed for a top line set...

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How to be prepared when the DCAA comes a-calling

Government contractors are constantly wanting to remain in full compliance with the Defense Contract Audit Agency's policies and procedures. While an audit is never much fun, it's even more daunting for contractors facing DCAA scrutiny, especially for the first time.

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Indirect Rate Structures: Do Yours Need to Change?

As your company grows and evolves, you may find yourself in need of an indirect rate structure change. Here is some background on defining indirect vs. direct cost structures, as well as tips to help you avoid a rate run-in with DCAA.

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DCAA Compliant Software: Solutions Small Businesses Need

The "good" side of winning a government contract is really good, namely in dollars and cents. The "bad" side of being awarded a government contract can be a real headache as well. There is a way, however, to maximize the good and minimize or even alleviate the bad. If you have recently been awarded a government...

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Could your accounting department’s work become the basis of an incorrect executive decision?

Dashboards, Analytics, and Key Performance Indicators can be a major influence in executive decision making. Is your accounting department doing proper review and diligence before the company’s financial results are published?

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Mistakes to Avoid when Shopping for a New GovCon Accounting System

As an entity that wants to compete for government contracts, it is highly recommended that you invest in a Defense Contract Audit Agency (DCAA)-compliant accounting system. Shopping for the right system can be a bit daunting at first, but it becomes much simpler when you laser-focus on the systems that can best meet...

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What CEOs and Cash-Strapped Government Contractors Need to Know About Factoring

Factoring plays an important role for government contractors who navigate between the worlds of government and business. Here are several things every CEO and government contractor should know before they use factoring to cover cash flow problems.

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Who Should Evaluate the Financial System That You Procure?

Looking for a new financial system? Since your selection not only affects the long-term success of your company, but also the day-to-day environment of your employees, you will benefit from a team of staff members to evaluate the best system for your business.

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Hidden Costs of Running Parallel Accounting Systems

After months of meetings and detailed presentations, your proposal for an upgrade to your company’s accounting system has been accepted.  You must now plan the conversion process to minimize costs and operational downtime.  Running parallel systems during conversions is popular with IT.  The effort is perceived as a...

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