The Power of Pay Codes in Unanet

Have you ever considered the power of the Pay Code function in Unanet? Pay Codes are the earnings and leave categories your organization uses to track and classify reported hours on employees’/subcontractors’ timesheets.

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Topics: Compliant Accounting Infrastructure, Accounting & Billing System, Unanet

DFARS Cybersecurity Costs are Allowable, So What?

Recently, there has been much discussion around comments made by Katie Arrington, the special assistant to the Assistant Secretary of Defense for Acquisition for Cyber in the Office of the Under Secretary of Acquisition and Sustainment in DoD.  She made the following statement before a roomful of vendors at the PSC meeting in Arlington, VA.

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Topics: Compliant Accounting Infrastructure, DFARS Business Systems

Allowable vs Unallowable: Marketing, Advertising, and Public Relations

FAR Part 31.205 -1 – Public Relations and Advertising Costs

“Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.” (American Marketing Association)

“Advertising is the action of calling something to the attention of the public especially by paid announcements.” (Merriam-Webster)

“Public relations (PR) is a strategic communication process that builds mutually beneficial relationships between organizations and their publics.” (Public Relations Society of America (PRSA))

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Topics: Compliant Accounting Infrastructure, Small Business Compliance

GL Budgeting in Unanet

The budgeting process for any company can be a daunting process.  But, like most things, hard work pays off, and establishing a detailed budget is a critical element to ensure a healthy and profitable company.

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Topics: Compliant Accounting Infrastructure, Accounting & Billing System, Unanet

GovCon-Taxes: Accrual or Cash? Why Not Both?

It’s everyone’s least favorite time of year.  That’s right, tax season.  For those of us who no longer work in public accounting, this time of year is now a welcome reprieve; although for us, it also marks the start of incurred cost season.  If you’re not sure what an Incurred Cost Submission is or have questions about that topic, visit our website for a variety of resources.

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Topics: Compliant Accounting Infrastructure, Small Business Compliance, Contracts Administration, Accounting & Billing System

The Audit to End All Audits – Government Contractors Beware

Unless you have undergone a DCAA Accounting System audit under the criteria in DFARS 252.242-7006 (a.k.a. DFARS Accounting System Audit), you do not know what a comprehensive audit is.  To start with there are eighteen criteria, some of which are as broad as “Accounting practices in accordance with standard promulgated by the Cost Accounting Standards Board, if applicable, otherwise, Generally Accepted Accounting Principles.”  This leaves the door open to pretty much endless questions.  But don’t worry, DCAA has narrowed it down to only 27 questions. 

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Topics: Compliant Accounting Infrastructure, DCAA Audit Support

Additional Unanet Services for Government Contractors

Unanet offers a streamlined platform which works for many small contractors and offers a host of benefits you should consider, including smooth integration and a single platform for most of your financial processes. For all of our current Unanet users and potential Unanet users; the Unanet Practice Group would like to give you a quick view of additional products available within Unanet:

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Topics: Compliant Accounting Infrastructure, Unanet

Unanet Year End Considerations Checklist

Looking forward to closing 2018? It can be a daunting task, even when you have a trained team and an armload of checklists. To ensure you are fully prepared to tackle each of the processes you encounter at the end of the year and to start the new year right, we at Redstone GCI wanted to provide a check-list and some links to the Unanet Knowledge Center to help you through the Year-End Process:

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Topics: Compliant Accounting Infrastructure, Unanet

Source Selection in Government Contract Proposals: 1, 2, 3s

The competition for that big contract you have been dying to win is underway.  This is a great business opportunity for you.  So, you begin the process of putting together the perfect proposal.  As you go through that process, there are several pitfalls that could prevent you from having the best proposal.  As a government attorney, I saw many of those pitfalls in every source selection I worked.  So as one gift as you enter this new year, I want to go over some of the main pitfalls I have seen from the government’s perspective.

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Topics: Compliant Accounting Infrastructure, DCAA Audit Support

Prepare for ACA Reporting in the New Year

What better way to kick off 2019 than with a quick review of your Affordable Care Act (ACA) reporting requirements? Employers subject to the ACA must distribute reporting forms to employees and file with the IRS shortly after the new year, so now is the time to gather and review all required data.

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Topics: Compliant Accounting Infrastructure, Human Resources