Advice
Incurred Cost Submissions: A Strategic Tool for Government Contracting Success
To successful government contractors, Incurred Cost Submissions (ICS) are not just a regulatory requirement; they are a strategic tool that, when mastered, can lead to more profitable contracts, enhanced credibility, and a stronger financial foundation for your organization. In simplest terms, Incurred Cost Submissions are your organization’s financial report card, showcasing how well you have…
Read MoreThe Top 10 Benefits of an Outsourced CFO
As businesses strive for agility and cost efficiency, they are increasingly looking for an outsourced CFO to deliver additional competitive advantages. Outsourced CFOs help companies optimize operations and enhance profitability. Their unique blend of expertise, objectivity, flexibility, and access to resources positions them as invaluable assets for companies successfully navigating the complex world of finance.…
Read MoreCloud Migration Consulting: Why does your business need it?
Adoption of cloud-based technologies help businesses become more efficient, scalable, and cost-effective. However, migrating to the cloud can be a complex and challenging process, requiring specialized knowledge and expertise. That’s where a cloud migration consultant can help. Here we discuss why cloud migration consulting is important for your business and provide tips on how to…
Read MoreUnderstanding Incurred Cost Proposals: Avoiding the Top 5 Audit Issues
All federal contractors with cost-type or time and materials (T&M) contracts with cost-type contract line items (CLINS) are required to submit an Incurred Cost Proposal regardless of agency customer. All contracts requiring an Incurred Cost Proposal will include the Federal Acquisition Regulations Allowable Cost & Payment Clause and/or the T&M Payment Clause. What is an…
Read MoreUnderstanding Allowable Costs Speeds Reimbursement: 6 Best Practices for Avoiding Unallowable Costs
Understanding which costs may be allocated to a direct or indirect project, and billed to the government as an allowable cost speeds reimbursement of expenses, and helps avoid potential government penalties. The Federal Acquisition Regulations (FAR) provides official guidance and numerous examples of allowable and unallowable costs. Here we will discuss what is and is…
Read MoreJennifer Eubanks Contribution to Forbes Expert Panel: 16 Essential Elements Business Leaders Should Include In Every Financial Disaster Plan
Jennifer Eubanks recently contributed to a council post, 16 Essential Elements Business Leaders Should Include In Every Financial Disaster Plan The Covid-19 pandemic opened many business owners’ eyes to the financial challenges that can hit them during a national or global crisis. If they didn’t already know, leaders are now very aware of the need…
Read MoreJennifer Eubanks Forbes Feature Article: What Prospective Contractors Need To Know When Preparing To Bid For A US Federal Government Contract
Jennifer Eubanks was recently featured on Forbes with her article: What Prospective Contractors Need To Know When Preparing To Bid For A US Federal Government Contract It can be appealing to count the federal government as a customer. The government spends significantly each year and pays its bills. Furthermore, government spending typically increases in times…
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
Jennifer Eubanks recently contributed to a council post, 14 Important Financial Steps When Bringing On Remote Staff From Different Locations With more and more companies implementing permanent remote work policies, businesses are widening their talent pool to find the best people for the job, regardless of location. As businesses expand their remote teams by adding new members…
Read MoreJennifer Eubanks Forbes Feature Article: Why Leadership Intent Matters
Jennifer Eubanks recently authored the council post, Why Leadership Intent Matters. Last year was when I decided to begin studying leadership with the intention of honing my personal leadership capability and that of the management team at my company, particularly considering the many challenges posed by the pandemic. In the search for literature and training,…
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