Event Details

For the second installment of “Welcome to the FAR Side,” Diana Strassmaier, CPA, CCIFP®, will cover payroll and timekeeping requirements, the importance of consistency across your company, and how all this relates to the Federal Acquisition Regulation (FAR). In this webinar, you’ll learn about:

• The background and business cycle related to timekeeping
• The interplay between timekeeping, payroll, and billing processes
• Best practices with timekeeping for professional service companies
• Paid overtime: exempt vs. non-exempt
• Unpaid overtime: salary variance method vs. effective rate method
• Reconciling your books to payroll records

Who should attend: Accounting department staff, controller/CFO, and any staff needing a better understanding of the FAR

Level of understanding needed: Basic