DCAA Compliance Blog

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?

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.

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.

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. 

In the depths of a pandemic and resulting massive economic upheaval across our country and the globe, government contractors and grantees are focused more than ever on simply staying afloat; keeping the lights on and the doors open. Similarly, the accounting departments or outside firms that they rely on are solely focused on the day-to-day bookkeeping and monthly accounting—the bare minimum required to ensure compliance.

Between direct contract work, deadlines, compliance issues, and trying to stay afloat during a pandemic, contractors and grantees have enough on their plates just trying to keep the lights on. And sure, outsourcing certain functions can be an efficient way to save money and time (accounting is a prime example of this).  But, who you ultimately select to be a part of your team is more important than you realize.