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...

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...

Acquisition Training for the Real World Spring FY22 Register here Why: Become an expert on GSA’s tools and digital services and how they can help improve your acquisitions Gain skills to improve the government’s buying power and reduce contract duplication Find out the latest information on Federal Marketplace initiatives Earn CLPs to maintain your certifications Acquisition Training for the Real World Spring FY22 is a two-week ser...

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...

In-Depth Subcontracts Training Sharpen your skills and stay up-to-date on critical issues that affect the procurement community at NCMA’s SubCon Training Workshops (SubCon) March 23-24. SubCon will help you understand the role of training agreements, contract clause flow-down, and the subcontract lifecycle. One Great Training Event, Two Great Experiences SubCon offers two great solutions for your convenience: Join us in-person at UVA Dar...

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...

This February 16th conference session is all about Human Capital changes in supporting a remote workforce. The focus is on services to assist with impacts of recruitment/onboarding and talent development (best ways to satisfy training needs). 3 CLPs

Become an expert on GSA’s tools and digital services and how they can help improve your acquisitions Gain skills to improve the government’s buying power and reduce contract duplication Find out the latest information on Federal Marketplace initiatives Earn CLPs to maintain your certifications Acquisition Training for the Real World Winter FY22 is a two-week series of virtual training sessions on acquisition. There are ten virtual...

Federal government contracting is a crowded business space. With over $665 billion worth of federal government spending that occurred in FY 2020 (an increase of $70 billion over the previous year with no down trend in sight), the GOVCON space attracts many firms vying for the time, attention and budgets of government contracting and program personnel. How do you and your firms stand out and distinguish yourselves from the crowd and foster effe...

Please visit our website for the most up-to-date- information! AGA is the member organization for government financial management professionals. We lead and encourage change that benefits our field and all citizens. Our training events, professional certification, publications and ongoing education help members build their skills and advance their careers. Who we are Our members work in government financial management across sectors and worldw...