CohnReznick’s 2021 Gauge Report focused on Winning Proposals and included a wealth of information about business development and capture. Here at WJ Technologies, we gravitate toward the accounting parts and pieces – and one chart really got our attention. It’s about a conversation we have every day. Do you plan…
Since the beginning of the pandemic, there have been many changes to how we work. Things that were once learned, discussed or decided verbally and informally in an office setting just aren’t possible – which has forced companies to examine their formal processes to make sure that small changes don’t…
Implementing a new accounting system is a major commitment that is often underestimated. Many things can cause a go-live date to go off track – but they can be prevented. By planning wisely, you can avoid the common reasons system implementations are delayed. Four common reasons new accounting system implementations…
Adding your company’s data into Costpoint may seem like a simple – if not tedious – operation. But the reality can be a jumble of frustrating errors and wasted time if you don’t know the language, have the skills and tools, or the experience to input large amounts of data…
When it’s time to implement a new accounting software, launching on the first day of a new fiscal year may seem like the obvious choice. But whether that falls on January 1 or your company’s unique Day 1 date, going live at that time with an entirely new system may…
When a Government Contractor (GovCon) decides to upgrade or completely change the accounting system they use, they have many important considerations to keep in mind to ensure they have a DCAA compliant accounting system. There are many things to consider when selecting a new accounting system and developing an implementation…
Most Government Contractors, though certainly not all, operate using a fiscal year that ends December 31. If that sounds like you, your Incurred Cost Submissions (ICS) deadline is coming fast. (And, if you operate on a different fiscal calendar, then your ICS deadline is 6 months after the end of…
As a Government Contractor, the accuracy of your books is the lifeblood of your business. Your ability to get — and keep — lucrative government contracts is completely dependent on producing accurate forecasts and financial reports, making a rock-solid accounting system crucial to your success. However, what do you do…