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Five Advantages of GovCon Cost Accounting Software

The Department of Defense and civilian federal agencies alike have been trending towards cost reimbursement type contract awards during the past several years. This has increased the amount of oversight by the DCAA in assuring Contracting Officers that potential contract awardees have compliant systems in place before a...

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Business Development Costs - A Black Hole in your Budget?

What does business development mean to your organization? No matter how you define it, tracking and measuring your business development effort is critical to your success. 

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What to Expect When Buying Another Company That Happens to be a Contractor

Speaking from personal experience, the process of going through with a business acquisition as a seller or a buyer is never easy. An acquisition involving two government contractors can be especially tricky. Use these guidelines to make your transaction less complicated and less stressful.

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What is an Indirect Rate?

For those of you who are new to government contracting, and in particular cost reimbursable government contracting, the jargon can sound as strange as an unfamiliar foreign language.

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What is a Wrap Rate?

For many companies who have the federal government as a customer, a key business statistic is the “wrap rate”.

A wrap rate is normally attributed to the pricing of the labor component of a contractor’s revenue model. The wrap rate provides a shortcut method of determining the cost of a unit of labor before profit is...

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Trust but Verify - Double Check Your ERP/Financial Software Output

Sophisticated and seasoned accounting software users understand the need to verify key calculations generated by their automated accounting software. Those users who do not could eventually end up wishing that they had before a crisis arose.

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Batch Versus Real-Time Accounting--Which is Right for You?

In accounting software design, there are two primary methods with respect to how systems should operate. There is batch-based entry and there is real-time entry. This article will provide a synopsis of each method and suggest the one that is most suitable for companies that contract with the government.

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GovCons: Are You an Inch Deep and a Mile Wide?

Often times, you will see companies in the government contracting space that list a large array of NAICS codes under which they are qualified to perform services or sell products.

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Key Financial Indicators -- Your Business's EKG

Is your company financially healthy? Just as an EKG measures your heart's performance, indicating overall health, key financial indicators measure your company's financial well being. These indicators are tools that allow you to summarize your most important financial areas so you can understand how money moves in and...

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Recent Trends in DoD Government Contracting

2018 saw a number of emerging trends in contracting with the  Department of Defense (DoD)  that are likely to continue into 2019 as the year unfolds. The Consolidated Appropriations Act of 2018 stimulated many of these trends. All of these trends suggest that business will be brisk for many DoD contractors, and that...

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