Advice
Understanding 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,…
Read MoreJennifer Eubanks Contribution to Forbes Expert Panel: 11 Ways for Financial Leaders to Improve Company Health and Guide Overall Strategy
Jennifer Eubanks recently contributed to the expert panel council post 11 Ways for Financial Leaders To Improve Company Health And Guide Overall Strategy A company’s leadership team may be well informed about industry trends, consumer behaviors and the latest technology tools, but if they don’t have expert financial guidance, the company is likely to get into…
Read MoreJennifer Eubanks Contribution to Forbes Expert Panel: 14 Best Practices to Help Business Owners Manage Cash Flow
Jennifer Eubanks recently contributed to the expert panel council post 14 Best Practices To Help Business Owners Manage Cash Flow. “While many business owners and entrepreneurs have a good grasp of the importance of sales and profit, they may not understand why it’s essential to stay on top of cash flow. Understanding operational cash flow…
Read MoreJennifer Eubanks Forbes Feature Article: Three Ways Today’s Accounting Professionals Can Increase Their Value
Jennifer Eubanks recently authored the council post, Three Ways Today’s Accounting Professionals Can Increase Their Value. “Many accounting professionals spend significant time preparing financial statements, conducting audits, and preparing tax returns. All of these activities look historically at transactions and focus on compliance requirements of the organization such as submitting financial statements to investors or…
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