Make History: The LULAC Convention is an exciting, history-making convention, because it convenes the national delegates of LULAC to discuss issues, set policies, and elect the organization’s national leaders. For this reason, the LULAC Convention is covered by national and local media. It is the only convention in which participants representing Hispanic communities from across the country determine the positions and strategies of a na...

Cash basis accounting is easily understood and usually adopted by most start-up companies. Cash basis reports only consider the flow of cash in or out of the business without regard for the often complicated rules of accrual basis accounting. Accrual basis accounting requires matching of revenue and expenses and recognition of revenue when earned and expenses when incurred - all regardless of when the cash was received or spent. Accrual basis...

Join us for The Benefits of Digital Document Workflows on Efficiency and Compliance, the first session of the Mission Support Summer Webinar Series presented by Adobe, Microsoft and Carahsoft. A Forrester consultant will share research study highlights on the benefits of automated digital processes for government, and how Adobe's integration with tools like Microsoft 365 can further streamline your workflows and create better employee and citi...

Developing indirect rates is only one piece of the puzzle for government contractors. Managing indirect rates leads to financial and contract success. We find that many contractors only calculate indirect rates at the end of the year and do little to manage rates throughout the year. Several factors affect indirect rates including unplanned expenses, budget errors or oversights, and won or lost contracts. Monitoring and managing indirect rates...

Change efforts are a vital part of making government more effective and efficient. Major projects including digital transformation, IT modernization and hybrid workflow redesign are reshaping the way government serves constituents. But too often, projects come in late or over budget – or fail completely. According to a 2017 report from the Project Management Institute (PMI), 31 percent of IT projects fail to meet their goals; 43 percent...

Service Contract Act (SCA) contracts introduce a new layer of complexity and reporting to government contracts. Contractors must consider adjustments to the indirect rate structure such as a separate fringe pool or onsite and offsite overhead pools. Wage determinations instruct contractors on the minimum wages and fringe benefits required including the option for wages in lieu of benefits - a cash payment that is often miscalculated and posted...

Each of us knows that keeping pace with the ever-evolving government contracting compliance rules, regulations and oversight is daunting. The ongoing pandemic, a new administration, world instability and the ‘New Normal’ market conditions can challenge even the most seasoned government contractor executives. Join us in-person for our 27th Annual DHG Government Contracting Conference and hear what the leading advisors in the marketp...

Government contractors often struggle with customer invoice creation because of the varying requirements from customer-to-customer and contract-to-contract. QuickBooks Online and Desktop provide opportunities for efficient creation of customer invoices from time and expense data. The keys to success lie in proper setup of Items for labor category and expenses, and the automated synchronization of time and expense data. We find many clients spe...

Labor distribution converts hours into dollars and distributes those dollars throughout the GL and across jobs. Payroll journal entries record the employer's portion of employment taxes and offset salaries payable created by the labor distribution process. Both are necessary for the accurate calculation of indirect rates for government contracts. Errors often include failure to segregate labor accounts and properly account for employee deducti...

The 2021 GAUGE Report co-produced by CohnReznick, is the fifth edition of a practical benchmarking tool celebrating increasing popularity, visibility and utilization. Focused on a key concern of competition, the latest edition of the GAUGE report features responses from more than 1,400 companies with no dollars to billions of dollars in federal sector revenues. The power of the GAUGE Report is realized by thousands more companies utilizing the...