GovCon Wednesdays – Estimated Read Time: 7 minutes In the world of government contracting, “payroll” and “reimbursements” are often lumped together because they both involve sending money to an employee. However, treating them the same way in your accounting system is a recipe for audit findings. For those using QuickBooks Online (QBO), handling reimbursements correctly is not just about convenience—it’s about protecting your indirect rates and maintaining an audit-ready labor distribution… Read More
Accounting Blog | Fairfax VA CPA firm