AP-PAYROLL
Processing company’s obligations
What is AP?
The process of comparing general ledger accounts for the balance sheet
What is an account reconciliation?
Revenue, Direct Cost, Indirect Cost, Direct Profit, Direct Margin, EBITDA
What Information in on an Income Statement?
Recognizing sub revenue if invoice is not posted in the period worked
What is a Sub Accrual?
Compensation received by an employee
What is Payroll?
Process where account balances that represent intercompany transactions between companies are eliminated.
What is Consolidations Process?
FocusPoint
What is our Reporting System Called?
To cover program support when out of funding
What is PreCon
R/C Labor from one project to another
What is a timesheet correction?
Name of the Financial Statement for which account reconciliations are prepared monthly
What is Balance Sheet?
Earnings before Interest, Taxes, Depreciation & Amortization
What does EBITDA stand for?
Sub contractor cost resubmitted on a form for incorrect posting
What is the AP Correction Form?
Liabilities on the Balance Sheet
What are financial obligations?
Recording an expense that was incurred in one accounting period but not paid until a future accounting period.
What is an accrual?
Income Statement, Balance Sheet, and Cashflow
What are the names of each core financial statements?
Storage of Old Invoices
What is the Finance share drive, Billing & AR Folder
Expenses that are billed to a project
What are direct cost?
Recurring process that SPA takes to review and reconcile their books at the end of an accounting period.
What is the accounting close cyle?
Income Statement; Dan Muse!
What is the first financial statement presented at the MOR? and who presents it?
When is the PCA responsible for completing a pricing?
What is for extensions and add-on work