Many small businesses use QuickBooks® software for their accounting. QuickBooks® has been the number one selling accounting software for small business for many years. The reasons for this are many but...
For many years government contractors have struggled with how to maintain a DCAA compliant accounting system. The original Contract Audit Manual was created in the Department of Defense in the 1950's....
Earlier this year I was asked to participate in a webinar to cover the difference between the DCAA and the DCMA as well as describe what each agency did. The audience was a group of companies that were...
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...
The phrase “pay now or pay later” has become known as the American way over the past several decades.Too often we make the decision to pay later which we all know from a personal perspective, always...
It always amazes me to hear about small business entrepreneurs who are successful in receiving SBIR grants or contracts from the government but suddenly have difficulty in collecting money or continually...
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...
We have had some internal discussions lately here and think it might be helpful to share some of our experiences of signs that an accounting system is not compliant with DCAA requirements. This is based...