Whether you run a small, medium, service-based, or product-based business, chances are you offer a variety of products, services, and possibly even pricing models. Construction companies take on big projects, little projects, and some in between. A marketing firm might bill some clients per job and others per hour or on a monthly rate. Businesses selling products might have as few as five or as many as 5,000 skews available in different colors and sizes. Although all of these offerings likely bring in revenue, most often in business, only a few offerings actually generate profits. In fact, it's not uncommon for the jobs with the highest price tags (i.e. the largest revenue streams) to generate the smallest profits.
Unfortunately in the world of startups and SMBs, efficient and proper accounting systems and processes are often seen.
A DCAA audit includes a real-time labor evaluation to determine the accuracy of labor charges in regard to contracts,.
As a small government contractor you may be stretched for accounting resources, and if this is your first contract,.
As a business expands, a competent CEO realizes that the previously reliable accounting system has become a burden..
As a saavy bootstrapper your goal is to minimize costs while maximizing opportunities. This extends into each of the.
Data security is a top-of-the-mind concern for businesses outsourcing their accounting services. Data breaches continue.
