Where Does My QuickBooks Data Go? Do you really know how your QuickBooks data entry processes affect your financial information and reports? QuickBooks transactions are not static images. The correct set up of the customer names, service items, and payroll…
Read MoreIRS Final Regs on Expensing Property
Final changes which will be effective January 1, 2014, have been made to the IRS’ temporary 2011 de minis expensing (cap policy). Now is the time to begin reading up on how these changes will affect your company (here on…
Read MoreDCAA Compliance Checklist
This is the typical process that federal contractors adhere to in order to become and remain DCAA compliant. 1. Complete the Pre-award Survey of Prospective Contractor Accounting System Checklist. a. This survey is a checklist of the DCAA requirements of…
Read MoreSenior Executive Compensation Benchmark
FAR Proposed Rule: Senior Executive Compensation Benchmark applicable to all contractor employees effective January 1, 2012 (certain agencies) In this proposed rule, DoD, GSA, and NASA are proposing to amend FAR 31.205-6(p) to require that the compensation costs incurred after…
Read MoreVery Important QuickBooks Lists
In QuickBooks, there are three very important LISTS that provide the framework for all of your transactions. When encountering account coding difficulties within the QuickBooks transactions, you should refer to your lists for an understanding of your basic accounting set…
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