Small Businesses pursuing non-dilutive funding through 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 30,000 foot view) what is required by the NSF and why.Read More
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!
Posted by Mike Anderson on Fri, Oct 16, 2020 @ 03:13 PM
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.Read More
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
As we have all seen from the happenings of this strange year in 2020, there are a number of negative effects of the COVID-19 Pandemic. Hundreds of thousands of people have lost their lives, and millions of people that have lost income streams and jobs. These are serious and depressing news stories. Then there are the other issues that may be related to people that are tired of being quarantined in their homes that they take risks that they don't realize when they return to the "public lifestyle". So, what are the positives so far from this pandemic? I started to think about this the other day and came up with several positives when I thought about how ReliAscent has reacted to the pandemic. I'm sure if you stop and think, you will realize the same in areas that are close to you.Read More
There have been some shifts in policy at the Defense Contract Audit Agency (DCAA) over the last couple of years that are starting to be evident to the outside world. The FY 2018 National Defense Authorization Act (NDAA) required several changes at the DCAA including:Read More
Posted by Mike Anderson on Thu, Apr 09, 2020 @ 01:36 PM
Posted by Mike Anderson on Tue, Mar 24, 2020 @ 10:37 AM
What protection do you have from delays caused by the COVID-19 virus in your federal contract? How can you assure you are paid as rapidly as possible during this difficult time?
These are only some of the questions that every Federal Contractor should be asking themselves and be prepared to respond to as soon as possible to help assure the survival of their business.Read More