Advice
In-House vs. Outsourced Bookkeeping: Which Is Right for Your Business?
Summary of Keypoints Bookkeeping involves more than data entry, including transaction recording, reconciliations, payroll coordination, accounts payable/receivable, organized charts of accounts, tax-ready categorization, financial reporting, and compliance, all of which form the foundation for accurate decision-making. In-house bookkeeping carries significant true costs beyond salary, including payroll taxes, benefits, office space, software, recruitment, training, management time,…
Read MoreIncurred Cost Submissions: A Strategic Tool for Government Contracting Success
Summary of Keypoints Incurred Cost Submissions (ICS) are both a compliance requirement and a strategic tool, serving as a financial report card that demonstrates how well a contractor manages, allocates, and controls costs on cost-reimbursable government contracts. ICS directly impact compliance, cash flow, credibility, and profitability, ensuring adherence to FAR and CAS, accelerating reimbursements, strengthening…
Read MoreThe Top 10 Benefits of an Outsourced CFO
Summary of Keypoints Outsourced CFOs provide high-level financial leadership without full-time cost, giving businesses access to senior expertise on a flexible, as-needed basis while avoiding salary, benefits, and overhead associated with in-house CFOs. They deliver objective, strategic financial insight, offering unbiased analysis, fresh perspectives, and data-driven guidance to support better decision-making, risk management, and long-term…
Read MoreCloud Migration Consulting: Why does your business need it?
Summary of Keypoints Cloud migration improves efficiency, scalability, and cost-effectiveness, but the process is complex and often requires specialized expertise to avoid downtime, security risks, and misaligned technology decisions. Cloud migration consultants align cloud solutions with business strategy, assessing organizational needs, selecting appropriate cloud platforms, and creating customized migration plans tailored to business goals. Consultants…
Read MoreUnderstanding Incurred Cost Proposals: Avoiding the Top 5 Audit Issues
Summary of Keypoints Incurred Cost Proposals (ICPs) are required annually for contractors with cost-type or T&M contracts, and reconcile provisionally billed indirect costs with actual incurred costs to establish final indirect rates and calculate over- or under-billings. The ICP functions like a tax return for government contracts, finalizing indirect rates after the fiscal year closes…
Read MoreUnderstanding Allowable Costs Speeds Reimbursement: 6 Best Practices for Avoiding Unallowable Costs
Summary of Keypoints Allowable costs must meet strict federal standards, requiring that expenses be reasonable, allocable, necessary to the project, consistently treated, adequately documented, and compliant with FAR, contract terms, and applicable accounting standards such as GAAP or CAS. Unallowable costs are common but must be excluded from government billings, as submitting them for reimbursement…
Read MoreJennifer Eubanks Contribution to Forbes Expert Panel: 16 Essential Elements Business Leaders Should Include In Every Financial Disaster Plan
Summary of Keypoints Jennifer Eubanks contributed expert insight to a Forbes Finance Council article titled “16 Essential Elements Business Leaders Should Include In Every Financial Disaster Plan.” The article addresses lessons learned from the COVID-19 pandemic, emphasizing the importance of financial preparedness for disruptions such as supply chain delays, labor shortages, and inflation. The guidance…
Read MoreJennifer Eubanks Forbes Feature Article: What Prospective Contractors Need To Know When Preparing To Bid For A US Federal Government Contract
Summary of Keypoints The Forbes feature explains why the U.S. federal government is an attractive customer, citing its large, reliable spending and counter-cycclical nature during economic downturns. The article emphasizes that government contracting differs significantly from commercial work, requiring contractors to understand the regulatory framework governing federal procurement and contract performance. Key preparation areas include…
Read MoreWhat is an Adequate Accounting System? 10 Questions to Determine if Your Accounting System is Adequate for Government Contracts
In many cases, having an “adequate accounting system” is an integral part of successfully winning and performing on Federal contracts. Many companies find it challenging to determine when accounting system requirements are triggered and how to navigate obtaining a determination of adequacy. Our clients and prospects unanimously have the same questions. Since these questions are…
Read MoreJennifer Eubanks Contribution to Forbes Expert Panel: 14 Important Financial Steps When Bringing On Remote Staff From Different Locations
Summary of Keypoints Jennifer Eubanks contributed expert insight to a Forbes Finance Council article titled “14 Important Financial Steps When Bringing On Remote Staff From Different Locations.” The article addresses financial and compliance challenges of remote work, including navigating multi-state and international labor laws, tax regulations, and payroll requirements. Guidance focuses on updating financial policies…
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