DCAA Compliant Accounting
& Government Contract Management
ReliAscent is the nation's premier Government contract accounting and consulting firm, specializing in: FAR & DCAA compliance, DCAA compliant accounting and bookkeeping, government contract management, and outsourced CFO services.
Our Defense Contract Audit Agency (DCAA) Compliance and DCAA accounting experts help contractors and grantees set up and maintain compliant accounting systems (meeting Federal Acquisition Regulations, Defense Federal Acquisition Regulation supplements, Code of Federal Regulations, DCAA, and other applicable regulations). From installing your system, to monthly accounting services and contract management, our experts handle it all---no matter which Government Agency you contract with.
Once a compliant system is installed (or converted to be brought into compliance), our accountants can operate that system on a virtual basis, and act as the company's complete, outsourced, DCAA compliant back office (at a much lower cost than hiring a full time accountant with government compliance experience).
DCAA compliance means your accounting system must have several components: a compliant general ledger system, a timekeeping system that meets DCAA timekeeping requirements, a way to calculate indirect billing rates and a method of generating subsidiary job cost reports, etc. This system must be well defined with supporting policies and procedures (to learn more about the components of a DCAA compliant accounting system, download our white paper: "A Quick Guide to DCAA Compliance").
While there are many options when it comes to accounting software (and ReliAscent can help you select the most economical and best fit for your business), most small business contractors rely on QuickBooks™, as it is affordable and easy to use. While QuickBooks™ is not DCAA compliant out-of-the-box, there are a number of satellite systems and other steps which can bring your QuickBooks™-based system into DCAA compliance.
After the system is installed/brought into compliance, contractors choose how to operate and maintain their compliant system. While most prefer to simply outsource their DCAA accounting to our team of experts, there are many options available to contractors, and ReliAscent can tailor our services to best fit the needs and budget of every client. To learn more about our accounting services and packages, click here now!
DoE, NIH & NSF Accounting
ReliAscent also provides compliant accounting services for government contractors and grantees working with the DoE, HHS/NIH, NSF and other agencies, as each has its own set of requirements. In particular, ReliAscent specializes in accounting services for NSF SBIR winners and grantees. For Ph I grantees, we set up a compliant accounting & timekeeping system, and can also provide periodic compliance checks. For grantees preparing proposals for Ph II, our experts help companies with their pricing proposals, and also prepare for the CAAR Review. To learn more about our other Federal Agency compliant accounting services, visit our Agencies page, or contact us today!
Government Contract Management
Proper Government Contract Management is often difficult for small business government contractors- especially those new to contracting. Federal Contracts and Grants can be very complex and difficult to understand for the uninitiated. ReliAscent has hundreds of years experience in Federal Government Awards management & administration and can help companies navigate this difficult myriad of regulations. FAR compliance is something that ReliAscent specializes in. Navigating through the maze of government regulations (FAR, Agency Specific FAR, CFR, OMB regulations, DCAA requirements, etc) is something we enjoy and understand. Simplify your life and outsource this task to ReliAscent and allow yourself the luxury of concentrating on your expertise to grow your business.
Many small businesses cannot afford the services of a knowledgeable CFO and yet this critical job function is needed more than ever at a small and growing business. A CFO experienced with government contracting can skillfully manage indirect rates to maximize growth opportunities for the company. Managing indirect costs in a small business is not always easy and straight-forward and yet this impacts not only current year profitability but it affects how the company can deal with compliance, manage billing (cash flow) and future opportunities. Outsourcing an experienced ReliAscent CFO to work for your company can bring these benefits to realization.