COVID-19 Vaccine Mandates for Government Contractors and Subcontractors
By Paul Calabrese, Principal, GRF CPAs & Advisors The issue of vaccines and the controversy around mandates has not spared the government contracting world. While those who work with the federal government are accustomed to occasional public policy mandates via clauses in their contract, this mandate is unprecedented because it involves an employee’s personal health…
Aligning Departments for Common Goals
This post was originally published on the Sage Intacct Blog In the many years working with service-based companies, there have been a number of common themes around an ‘us vs. them’ mentality within the office. In most cases, department goals and incentives are the root cause of these conflicts. Sales and marketing teams are pressured…
What is the Nonprofit Finance Digital Transformation Tipping Point?
This post was originally published on the Sage Intacct Blog In the digital age, good stewardship requires an overhaul of many manual, paper-intensive processes. By using technologies like cloud computing, artificial intelligence, and open APIs for integration, digital transformation empowers nonprofit finance teams to make data-driven decisions for greater impact. Recently, digital transformation was the…
Government Contractors Struggle with DCAA over PBR Approvals
For government contractors with cost reimbursable contracts including Cost Plus Fixed Fee (CPFF), Provisional Billing Rates (PBRs) are projected indirect rates approved by the Administrative Contracting Officer (ACO), or more commonly by the Defense Contract Audit Agency (DCAA). PBRs allow a contractor to estimate anticipated year-end final rates to be used in their monthly interim…
Fraud Control and Prevention: Proactive Measures
The Association of Certified Fraud Examiners (ACFE) publishes a bi-annual, Report to the Nations (the Report) providing detailed statistics and key findings related to fraudulent activity by industry throughout the world. The 11th study of occupational fraud, the publication serves as one of the best sources of fraud-related data and information the globe over. GRF’s…
Fraud Control and Prevention: Mastering the Basics
Keeping it simple provides more protection than you might expect By Mac Lillard, CPA, CFE, CISA, CRISC, CITP | Manager, Audit and Risk Advisory Services During 2020, the Federal Trade Commission (FTC) received more than 2.2 million reports of fraud, up 500,000 from the 1.7 million reports filed in 2019. The significant increase in fraudulent…
How COVID-19 Changed Nonprofit Accounting: Industry Experts Weigh In
This post was originally published on the Sage Intacct Blog To paraphrase the immortal lyrics of the Grateful Dead, “what a long strange trip this COVID-19 pandemic has been.” Though we’ve been living in the pandemic for a little over a year, for many of us, it feels like much longer. In the nonprofit industry,…
Accounting in the Cloud: A Customer’s Perspective
This post was originally published on the Sage Intacct Blog Cloud technology is revolutionizing the accounting and finance industry, and it is gaining momentum. Recently, there was a webinar and panel discussion sponsored by Sage Intacct and hosted by IMA® (Institute of Management Accountants). The webinar included a panel discussion headlined by three Sage Intacct customers and finance leaders,…
Tips for Achieving a Paperless Nonprofit Audit
This post was originally published on the Sage Intacct Blog Nonprofit audits are one of the best ways to demonstrate transparency and establish trust and credibility with funders and donors. But, if your organization is not prepared for the auditor, it can be a tedious and time-consuming process. With the right technology, you can benefit…
What’s New in Sage Intacct 2021 Release 3
This post was originally published on the Sage Intacct Blog We are now welcoming our third release of Sage Intacct in 2021! Our latest release reduces manual processes with automation and provides deeper support for our verticals. Some of the major highlights include: Save time reviewing journal entry anomalies with GL Outlier Detection Spend less…