AccountingDepartment

NOVEMBER 2, 2023

When it comes to compliance with government regulations, navigating the intricacies and nuances of DCAA accounting is essential for any government contractor.

Government 94

Government Account accountant accounted 94

SMBAccountant

DECEMBER 2, 2020

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. These should be integrated in any federal contractors accounting policies.

Government 219

Government accounting principles Account accountant 219

SMBAccountant

OCTOBER 7, 2020

This requires a detailed job costing within an accounting system for which many contractors are not prepared. These oversight bodies are not typically concerned with a contractor’s accounting system during a phase I award because of the fixed price. The accounting system must be able to identify and segregate disallowed costs.

Account 246

Account accountant accounted accrual accounting 246

SMBAccountant

JULY 29, 2020

Budgets may be the most artful part of accounting. Government contractors have an even harder and more dire concern when it comes to cost plus contracts. Large variances between the budget and actual expenses can result in money owed to the contractor, or worse, money owed back to the government. The other issue is timing.

Government 190

Government Account accountant accounted 190

SMBAccountant

AUGUST 12, 2020

When working as a government contractor, these processes and policies need to be written, reviewed, and updated regularly to ensure compliance with the company’s own requirements, and the accounting standards demanded of contractors spending tax dollars.

Government 190

Government Account accountant accounted 190

MyIRSRelief

APRIL 29, 2024

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

Tax 130

Tax bookkeeping Account accountant 130

Accountant Advocate Submitted Articles

SEPTEMBER 26, 2022

Government contractors are required to follow certain accounting guidelines to maintain their standing.

Account 246

Account accountant accounted Government 246

Xero

APRIL 17, 2024

Understanding the environmental impact of your business is critical in today’s business environment — and carbon accounting is a fundamental step in this process. With carbon accounting increasingly becoming another compliance measure mandated by regulators, businesses of all types and sizes need to get their emissions numbers in order.

Account 91

Account accountant accounted accounting apps 91

LSLCPAs

SEPTEMBER 12, 2023

With the settlements with various pharmaceutical companies and distributors being finalized recently, there’s been a lot of uncertainty about what the accounting for these settlement funds looks look. The post Accounting for Opioid Settlement Funds in Local Governments appeared first on LSL CPAs.

Government 59

Government Pharmaceutical Account accountant 59

Accounting Today

NOVEMBER 8, 2023

The International Public Sector Accounting Standards Board has issued an accounting standard for governments around the world to use for reporting on retirement plans.

accounting standards 120

accounting standards Account accountant accounted 120

LSLCPAs

FEBRUARY 12, 2024

The post 4 Ways Outsourced Accounting Helps Non-Profits Deal with Multi-level Government Regulations appeared first on LSL CPAs. Your entity might be a charitable organization, a public charity, or a private foundation. Whether you are a 501(C)(3),(4), (6), or something.

Non-Profits 59

Non-Profits Government cpas Account 59

RogerRossmeisl

SEPTEMBER 1, 2021

There may be a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose eligibility for government benefits to which they’re entitled. Anyone can contribute to an ABLE account. While contributions aren’t tax-deductible, the funds in the account are invested and grow free of tax.

Account 238

Account accountant accounted CPA 238

Cherry Bekaert

FEBRUARY 13, 2024

Governmental Accounting Standards Board (GASB) Statement No. 100, Accounting Changes and Error Corrections, an amendment of GASB Statement No. This accounting pronouncement is intended to streamline the reporting of accounting changes and error corrections, as well as the related disclosures in governmental financial reporting.

Account 96

Account accountant accounted accounting principles 96

ThomsonReuters

FEBRUARY 8, 2024

Jump to: What are the main accounting assumptions? Going concern assumption: A closer look How do common accounting assumptions relate to GAAP? Accounting assumptions, along with accounting principles and concepts, provide professionals with the necessary framework for preparing financial statements.

Account 96

Account accountant accounted accounting principles 96

AccountingDepartment

NOVEMBER 16, 2023

The government contracting sector is highly regulated and requires strict compliance with Defense Contract Audit Agency (DCAA) regulations. With ever-evolving regulations and a complex accounting system to manage, the government contract (GovCon) industry has a steep learning curve for small and medium-sized contractors.

Technology 80

Technology Account accountant accounted 80

SMBAccountant

SEPTEMBER 23, 2020

Most companies set a threshold in their accounting policies to avoid wasted time and effort on immaterial or low cost items. Be sure to talk with your accountant about what depreciation is recorded in your books. Fixed assets are recorded on the balance sheet. This can happen over a period of time.

Government 170

Government Account accountant accounted 170

Cherry Bekaert

JANUARY 30, 2024

In the third episode of Cherry Bekaert’s Cost Accounting Standards (CAS) podcast series, Brendan Halloran , a Director with Cherry Bekaert Advisory, is joined by Jeffery Annessa , a Senior Manager in Cherry Bekaert’s Government Contractor Industry practice, to discuss CAS implications during mergers and acquisitions.

accounting standards 105

accounting standards cost accounting Account accountant 105

Cherry Bekaert

JANUARY 24, 2024

Contributors: DeWanna Coleman Governmental Accounting Standards Board (“GASB”) Statement No. 100, Accounting Changes and Error Corrections—an amendment of GASB Statement No. One government might report an accounting change, while another government might report a similar change as an error correction.

accounting principles 99

accounting principles Account accountant accounted 99

SMBAccountant

OCTOBER 21, 2020

There are certain expenses that a business incurs that the federal government does not reimburse. While these costs may be legitimate business expenses, the federal government may disallow a cost which means it cannot be reimbursed using the incurred costs rates calculated to reimburse costs for cost contracts.

Government 100

Government general ledger Account accountant 100

Cherry Bekaert

NOVEMBER 6, 2023

Contact Us The post Cost Accounting Standard Considerations for a Growing GovCon appeared first on Cherry Bekaert. If you have any questions specific to your situation, our GovCon consultants are available to discuss your situation with you.

accounting standards 110

accounting standards cost accounting Account accountant 110

Going Concern

JUNE 7, 2023

For some time now municipalities have felt the crunch from the accountant shortage and unlike public accounting firms feeling the same, these entities don’t have the luxury of turning down work to ease it nor can they overwork their people with no overtime. Glad you didn’t ask!

Government 52

Government accounting clerk Account accountant 52

Going Concern

JANUARY 16, 2024

It’s possible this is just clickbait and thinly veiled advertising for remote recruiters (*sweats nervously*) but according to CNBC Make It , “accountant” is “the number one in-demand remote job companies are hiring for.” Accountant is the hottest work-from-home job on the market right now.

Account 109

Account accountant accounted accounting jobs 109

SMBAccountant

NOVEMBER 4, 2020

Quality management and accounting systems go hand in hand, especially when it comes to managing government contracts. Accurate indirect rates and a quality accounting system are also valued by the customer. Certifications such as ISO:9001, can signal to future buyers that your company is committed to continuous improvement.

Government 100

Government Account accountant accounted 100

Accounting Insight

NOVEMBER 13, 2023

And the polls and recent by-elections results suggest the most probable outcome is a Labour Government. Nothing in politics is ever a sure bet, but it does make sense for accountants to start getting an idea about what changes Labour is keen to make should it win the election. These rights would start on day 1.

payroll 59

payroll Government Account accountant 59

SMBAccountant

JULY 29, 2020

Budgets may be the most artful part of accounting. Government contractors have an even harder and more dire concern when it comes to cost plus contracts. Large variances between the budget and actual expenses can result in money owed to the contractor, or worse, money owed back to the government. The other issue is timing.

Government 100

Government Account accountant accounted 100

Cherry Bekaert

FEBRUARY 26, 2024

Contributor: Veronica Vannoy Cherry Bekaert offers outsourced accounting services to businesses that want to reduce costs, improve efficiency and focus on core operations. Our certified accounting professionals produce accurate and timely financial reporting, while ensuring confidentiality and data security.

Account 81

Account accountant accounted accounting and finance 81

MyIRSRelief

APRIL 3, 2023

That’s where an accountant (EA or CPA) can help. A Los Angeles, CA accountant can provide essential financial expertise and support to small business owners, helping them make informed decisions and manage their finances efficiently. Contact us today for all you tax and accounting needs.

Account 130

Account accountant accounted accounting and finance 130

Cherry Bekaert

AUGUST 16, 2023

Studies show that the state and local government workforce has not returned to pre-COVID levels. Combine that with the shrinking pipeline of accountants, especially in the governmental realm, and many state and local governments are having to do more with less than ever before.

accounting and finance 52

accounting and finance Government Finance Account 52

SMBAccountant

AUGUST 12, 2020

When working as a government contractor, these processes and policies need to be written, reviewed, and updated regularly to ensure compliance with the company’s own requirements, and the accounting standards demanded of contractors spending tax dollars.

Government 100

Government Account accountant accounted 100

SMBAccountant

NOVEMBER 21, 2022

Managers want to hand off their accounting and let it happen in its own vacuum. Unfortunately, this isn’t quite how accounting functions. Accounting requires input from all levels of the company. The accountant didn’t know, so they didn’t include that cash in the projection. In it, the role of management was emphasized.

Account 130

Account accountant accounted bookkeeping 130

Going Concern

MAY 30, 2023

FT dropped this over the weekend : Candidate numbers for US accountancy exams drop to lowest in 17 years New figures from the American Institute of Certified Public Accountants showed the shortage of CPA candidates that has plagued the profession in recent years worsened in 2022, dashing hopes for a quick rebound from the pandemic.

CPA 76

CPA institute of chartered accountants Government chartered accountant 76

MyIRSRelief

MAY 17, 2021

You need to get EA, CPA help with Cannabis Accounting & Tax if you are going to have a thriving cannabis-based business in Los Angeles or Southern California. Along with the accounting issues, it is one of the most heavily regulated industries in the country. That makes compliance and even more important consideration that funding.

tax accountant 130

tax accountant Tax Account accountant 130

Going Concern

JANUARY 2, 2024

. — Lisa Savigano (@LSavigano) December 28, 2023 Ignition’s Asia-Pacific managing director David New explains why it’s time for accountants to raise their prices and bashes the antiquated billable hour while he’s at it (we love that): At its heart, accounting is a numbers profession. billion euros ($1.66

Government 60

Government Account accountant accounted 60

Accounting Insight

SEPTEMBER 14, 2023

ACCA commends FRC’s proposed changes as the accountancy body supports major overhaul of code in light of exponential change and disruption facing companies High quality corporate governance drives performance and accountability. These revisions should deliver more outcomes-based reporting.

Government 59

Government Account accountant accounted 59

Accounting Today

APRIL 10, 2024

Failure to maintain an acceptable accounting system may result in the withholding of payments from the government to a contractor.

Government 68

Government accounting system Account accountant 68

Xero

JANUARY 30, 2024

Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Know property investment accounting regulations and taxes To swim well, you need to know the strokes, and how to navigate the water. Your primary residence is usually exempt.

Account 93

Account accountant accounted accounting and finance 93

CPA Practice

APRIL 26, 2024

By Natallie Rocha, The San Diego Union-Tribune (TNS) Katherine Lu Acquista, 47, pleaded guilty to wire fraud in federal court Thursday, admitting to stealing more than $430,000 for her own personal expenses while she was the director of operations and accounting for the San Diego Regional Economic Development Corporation (EDC).

Account 52

Account accountant accounted payroll 52