DCAA Compliance Blog

Your Source for DCAA & FAR Compliance News and Discussion

ReliAscent® LLC is the only government contract accounting firm that specializes in all aspects of government contracting compliance.  From our DCAA compliant accounting services, to monthly government contract accounting for all government agency awards, contract management & administration, and financial services & planning, our goal is to ensure the success of our clients, and all small business government contractors and grantees.  

In our DCAA Blog, we discuss the latest government contracting news from the Federal Government, the DCAA, and DCMA, as well as promotions offered by ReliAscent, and helpful tools and resources for contractors.

We hope you will visit and take part in the discussions on our blog on a regular basis. If you ever have any questions or would like to discuss how our experts can help, do not hesitate to contact us at any time!  


 

NSF Phase II SBIR/STTR Financial & System Requirements

Posted by Mike Anderson on Fri, Oct 16, 2020 @ 03:13 PM

Small Business' pursuing non-dilutive funding thru the National Science Foundation's SBIR/STTR program must pass a financial review prior to receiving a Phase II award.  This is known as a Financial Review and CAP review.   There are also requirements placed on the Phase II awardee by the award document and many small businesses are unfamiliar with both the process and the requirements for accounting and financial systems during the performance of the award.   I will try here to outline briefly (a very 30,000 foot view) what is required by the NSF and why. 

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Topics: NSF SBIR, NSF Grant, NSF Accounting, Government Approved Accounting System, SBIR STTR, CAP Review


Indirect Rates Resources for Government Contractors

Posted by Tyler Link on Thu, Oct 01, 2020 @ 11:05 AM

Some of the most common questions we get from Government Contractors and Grantees at ReliAscent surround the development and utility of indirect rates.  How are they calculated? Why are they so important? Can they be managed to meet my goals? Is taking the safe rate the best option?

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Topics: Indirect rates, indirect rate models, indirect rates government contracts, indirect rates help


Outsourcing Low ROI Tasks Makes More Sense Than Ever Before

Posted by Tyler Link on Tue, Sep 15, 2020 @ 11:19 AM

The last six months have taught us a lot in business.  But, now more than ever, might be the best time to outsource low ROI activities like government compliant accounting and contract administration and management. While these tasks are routine, they follow strict and highly complex guidelines, and having experts navigate these waters on a “pay as you use” basis, makes a lot of sense for most small businesses. This method also ensures the small business has a much higher knowledge and expertise level of these guidelines than would be afforded with a single employee (or owner) performing and maintaining compliance. Outsourcing also allows the small business the necessity of the owner to concentrate on high ROI activities such as business development, business growth, and management.

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Topics: outsourced government contract accounting, DCAA compliant accounting services, outsourced dcaa compliant accounting, monthly cost of DCAA compliant accounting


ReliAscent Client Success Story: Flextrapower’s Antiviral Graphene Masks

Posted by Tyler Link on Thu, Sep 03, 2020 @ 10:54 AM

Flextrapower

In this, the first of a new series highlighting the successes and unique technologies of our incredible clients, ReliAscent has the pleasure of introducing Flextrapower, and their truly unique graphene-based antiviral masks.

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Topics: Flextrapower Graphene COVID Mask, ReliAscent Client Success Stories, Flextrapower, antiviral COVID masks, graphene COVID masks


After COVID, Can you Afford Not to Outsource DCAA Compliant Accounting?

Posted by Mike Anderson on Mon, Aug 31, 2020 @ 09:00 AM

There are several things to consider when a small business contemplates outsourcing its government contract accounting work. One consideration is the cost and experience of the people to do the work. Another consideration is the amount of “opportunity cost” that the company will incur.   It is easy to measure the first and not as straight-forward to measure the second. Both considerations should be evaluated to determine what is the best return for the business.

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Topics: DCAA Compliant Accounting, government contract accounting, DCAA compliant accounting services, dcaa outsourced accounting services, cost to outsource dcaa compliant accounting, outsourced accounting for government contractors


ReliAscent® Wants Your Feedback!

Posted by Tyler Link on Wed, Aug 19, 2020 @ 11:16 AM

ReliAscent® will soon be releasing a powerful new software tool and integrating it into our DCAA compliant accounting system platform as an optional feature available to clients.   This tool, when combined with our current platform, provides not only indirect rates calculations and subsidiary job cost reports, but also compliant timekeeping, purchasing systems, project management, and other helpful features. 

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Topics: DCAA Compliant Accounting Systems, DCAA compliant accounting software, Indirect Rates Calculations, ReliAscent New Product Offerings