If you are a small business, working with funds from awards from the Federal Government and you don't know if your accounting system is compliant with government regulations such as the FAR, you should...
Government Contract Accounting - Software
Many small businesses are overwhelmed when they begin their first government contract. The ability to pass a DCAA audit for an accounting system is daunting....
Identifying and allocating costs on government jobs is a big part of the government's concern about the contractor's accounting systems. The Federal Acquisition Regulations (FAR) specify that "Before...
I was talking with a prospect the other day and he mentioned something that I think we all tend to overlook from time to time. He mentioned a problem that he had encountered with the DCAA relative to...
Funding a small start-up business is one of the most difficult hurdles a new business owner faces. At this point the financing options are limited. Usually either the 4 F's (Founder, Family, Friends &...
Many people think that to be compliant with DCAA requirements you cannot use QuickBooks for your accounting system. While QuickBooks is not designed to meet the FAR and DCAA requirements (it is not a...
I talked about this topic a couple of years ago on the Tech Biz blog. I think it is important enough to re-post and re-visit now.
This question may come up many times in a small business. It may start out even more basic as "Do I need an Accountant?". As you can see from the referenced article, there are many sound reasons to...