On May 28, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09 Revenue from Contracts with Customers (Topic ASC 606). The standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. It [..Read More..]

Guest Post By: Katie Bilek – Senior VP, Republic Capital Access and Co-Founder of Govmates Springing up like daffodils in April is a glut of finance companies purporting to be “best-in-class” at financing government contractors.  Most often these companies provide working capital financing to help [..Read More..]

DFARS 252.242-7006 – Definition of an accounting system “The contractor’s system or systems for accounting  methods, procedures, and controls established to gather, record, classify, analyze, summarize, interpret, and present accurate and timely financial data for reporting in compliance with applicable laws, regulations, and management decisions, [..Read More..]

The first thing you should know is that each government contractor’s processes, including policies and procedures, should be well documented and enforced in order to achieve DCAA compliance.  Implementing a timesheet software application alone cannot guarantee compliance.  However, there are software systems such as JAMIS [..Read More..]

In our JAMIS Customer and Partner Success series, we take a look at many different organizations who have utilized JAMIS Prime ERP to enhance project execution, improve workforce collaboration, and gain a competitive edge. In today’s spotlight we focus on JAMIS partner, Hall Albright Garrison [..Read More..]

Today’s environment is competitive and fast-paced, with more data available than ever.  There is so much data to digest, that it can be difficult to interpret and use it effectively.  In many cases information can be disconnected in silos, with each department controlling and analyzing [..Read More..]

Today we’ll explore what many organizations have to face at some point in their ERP system life cycle. And it can be a difficult decision, likely expensive, and disruptive to business. However, sometimes the convenience of keeping a legacy system is outweighed by the risks [..Read More..]

Government contractors face a set of unique challenges due to the nature of their work. The main challenges can be identified as the time and efforts that go into finding work, the need to comply with guidelines that can differ from one government agency to [..Read More..]

“Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success.” – Pablo Picasso In many cases, the success you achieve can be in [..Read More..]

In our JAMIS Customer and Partner Success series, we take a look at many different organizations who have utilized JAMIS Prime ERP to enhance project execution, improve workforce collaboration, and gain a competitive edge. In today’s spotlight we focus on JAMIS Prime partner, Metis GovCon [..Read More..]