GRF Named a 2019 All Star Specialized Niche Firm By INSIDE Public Accounting
GRF was named to INSIDE Public Accounting’s (IPA) 2019 All Stars Specialized Niche Firms in recognition of the firm’s robust nonprofit practice that includes accounting, assurance, tax and advisory services. In its January 2020 IPA newsletter, IPA recognized firms that derive a higher percentage of their revenue from specialty practices than all other participating firms….
GRF CPAs & Advisors Promotes Elinor Litwack to Partner
Elinor Litwack, CPA joins a growing list of women partners and principals at GRF Bethesda, MD, January 6, 2020 – GRF CPAs & Advisors (GRF), a full-service professional services firm providing clients with audit, tax, outsourced accounting and advisory solutions, announced today the firm has promoted Senior Manager Elinor Litwack, CPA to Partner. Ms. Litwack…
Cash Management Increases Your Organization’s Chance of Success
If you want your organization to grow and remain competitive, a solid financial plan and a well-conceived strategy can mean the difference between boom and bust. The obvious place to start is with a cash-flow analysis. Review your company’s cash flow statements to understand the cycle of inflows and outflows that stem from accounts receivables,…
Write Clear, Up-to-Date Instructions for Policies and Procedures
Well-documented written policies and procedures are a critical element of maintaining your organization’s ability to continue winning government contracts. Several contract clauses require procedural documents for internal control systems related to such activities as making estimates and purchases. In addition, contractors must have policies, procedures, operating instructions and other control information available to help ensure…
Speed Up Payment on Receivables
Receivables don’t have much value if they aren’t turned into cash. Your organization really needs to keep tight control on its invoices outstanding so you can get an accurate picture of the receivables situation and take steps to improve the turnover of those accounts. Speed Up the Process Here are five steps that can help…
Are You Prepared for Audits of Your Business Systems?
Many US government contractors are expected to comply with contractual requirements for maintenance of adequate business systems. The Federal Acquisition Regulation (FAR) and Defense Federal Acquisition Regulation Supplement (DFARS) clauses incorporated into U.S. government contracts list detailed criteria associated with business systems for: Accounting, Estimating, Material management and accounting, Purchasing, Earned value management, and Property….