You can set up QuickBooks with employee details, compensation data, and payroll items for each type of labor you have, including holidays and paid time off. When you configure QuickBooks, it is important to fairly allocate labor distribution to the total time that is recorded on timesheets so that no customer contract is given favorable treatment. Run Labor Distribution and Fund Tracking Reports This will simplify accounting and reporting. Under “Company Settings”, you can set the first day of the workweek to coincide with the day of the week on which your weekly timesheets begin so that payroll periods and timesheet periods are the same. You can set this up under “Company Preferences” so that the necessary reports will be available. Labor costs for government contractors must be calculated using timesheets, so be sure to set up a timekeeping system to enable time tracking for payroll employees. The general ledger needs to include accounts such as payables and receivables, along with unearned revenue and prepaid expenses, to show that it is using an accruals basis. You must also establish a separate sequence of accounts for unallowable expenses. The indirect cost accounts need to be broken down into pools for general and administrative, overhead, and fringe. When configuring QuickBooks, it is important to divide direct and indirect costs through a chart of accounts sequencing. The chart of accounts is a list of general ledger accounts with posted transactions. Check GAAP Compliance With Chart Of AccountsĪ compliant accounting system must have a chart of accounts that follows the Generally Accepted Accounting Principles (GAAP) and can distinguish cost pools with ease. Outlined below are seven tips that will help you meet DCAA compliance when using this popular software. QuickBooks Accounting Tips For Government Contractors Although it can help maintain compliance and pass audits, it is important to keep its limitations in mind. We appreciate your patience as we are working for a permanent fix.QuickBooks is a useful tool for small businesses who are awarded government contracts. Lastly, you can always visit our Help Articles page for QuickBooks Online if in case you need to learn some "How do I" steps. Enter Black Logo in the How can we help? field.Īlso, I've included our detailed guide in contacting our support: Contact the QuickBooks Online Customer Support Team.This way, you'll be added to the list of affected users and will receive updates through email. However, I'd still recommend contacting our Customer Care Support.
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In addition, here's an article you can read to learn more about repairing your PDF reader: How to Update, Repair, or Re-install Adobe Reader/Acrobat? You can consider this as one reason why you're seeing a black logo. In the meantime, if you've already followed the above troubleshooting steps but the issue persists, you can repair your Adobe PDF Reader. Rest assured our engineering team is in all hands in working to fix this issue. Hi and we have an on-going issue where users are seeing a black logo on preview and printing all sales forms.
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