Category: Accounting

  • by Kevin Brager
  • onNovember 21, 2020
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Four Signs Your Government Contracting Business has Outgrown QuickBooks

QuickBooks is the most widely used accounting software for small businesses, and for good reason. QuickBooks is easy and efficient to use, it gets constant upgrades and patches to improve functionality, and can be a very powerful tool if used properly. However, if you are a government contractor focused on growth, you will likely reach […]

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  • by Kevin Brager
  • onNovember 2, 2020
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Passing your Pre-Award Survey – Segregating Direct & Indirect Costs

Over the past few years, we have seen a dramatic increase in the number of solicitations requiring a contractor to have an “approved accounting system”. A recent example is the draft Request-For-Proposal for the CIO-SP4 Contract, which requires contractors to maintain an adequate accounting system. We have also seen more and more large prime contractors […]

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  • Accounting
  • by Kevin Brager
  • onSeptember 28, 2020
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How to Create an Effective Month-Close Process

You’ve worked hard all month processing transactions and invoicing customers, and now it’s time to produce the end result: a set of financial statements that management can rely on. Performing this month-close process is one of the most important (and most time-sensitive) functions of an accounting department, mainly involving higher-level accounting and finance personnel. With […]

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Online Bill Payment Systems (part 2)

In the prequel to this post, we discussed traditional accounts payable and bill payment systems as well as their downsides. For part two, we’ll highlight an effective system for small businesses as well as common concerns people have when considering implementation. This example will follow one accounting system (QuickBooks) and one bill payment system (Bill.com), […]

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Online Bill Payment Systems (part 1)

While it is always a good time to evaluate systems and look for efficiencies and process improvements, now more than ever it makes sense to consider a switch to an online bill payment system. A traditional accounts payable function often looks like the following: A vendor invoice is received in the mail and entered in […]

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  • Accounting
  • by Kevin Brager
  • onJanuary 29, 2019
  • 0 Comments

Accounting Wishlist for Business Owners

With 2020 upon us, we are looking at a few areas within the accounting and finance function that can be critical to the success of a small business. Sometimes these areas are being overlooked or the functions simply aren’t being performed. If that is the case, we hope you’ll take some time in the new […]

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Selecting an Accounting System – Add-on Applications and System Features

In this series of articles, we are going to offer some practical advice for how to build a best-in-class accounting and finance function. The first few articles will cover accounting system selection. This article will specifically touch on features and add-on applications, as it relates to selecting an accounting system. Selecting a new accounting system […]

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Selecting an Accounting System – Implementation

In this series of articles, we are going to offer some practical advice for how to build a best-in-class accounting and finance function. The first few articles will cover accounting system selection. This article will specifically touch on implementation issues as it relates to selecting an accounting system. Three key considerations when thinking about accounting […]

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Selecting an Accounting System – System Structure

In this series of articles, we are going to offer some practical advice for how to build a best-in-class accounting and finance function. The first few articles will cover accounting system selection. This article will specifically touch on system structure as it relates to selecting an accounting system. One topic that will most likely come […]

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