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.Read the Full Blog Here
DCAA COMPLIANCE BLOG
Your Source for DCAA News and Government Contracting Information
Posted by Tyler Link on Tue, Sep 15, 2020 @ 11:19 AM
Posted by Tyler Link on Thu, Sep 03, 2020 @ 10:54 AM
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.Read the Full Blog Here
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.Read the Full Blog Here
Posted by Tyler Link on Mon, Aug 10, 2020 @ 11:20 AM
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.Read the Full Blog Here
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.Read the Full Blog Here
A little history for government contractors: the DCAA tripled the number of Defective Pricing Audits in FY 2020, once their extensive backlog of Incurred Cost Audits had finally been eliminated in 2019. However, along with that shift in 2020, came the COVID pandemic (and trillions of dollars of aid as well as government contracts & grants). Not only will DCAA continue this focus, but now some of those organizations that were awarded contracts and grants related to COVID may also be at risk of a a Defective Pricing Audit.
Given this, now is an excellent time to revisit cost and pricing data, TINA, FAR Part 15, and what they all mean for government contractors. The following blog is taken from a popular white paper, written by ReliAscent Account Executive, Dave Donley. It provides valuable insights into these topics and is a terrific resource for new government contractors.
As always, we encourage all Federal Government Contractors and Grantees to subscribe to the ReliAscent Blog and White Paper Distribution List to stay informed and contact us if you ever have any questions about DCAA compliant accounting, contract management, or business and financial management services.
Read the Full Blog Here
Posted by Tyler Link on Thu, Jan 09, 2020 @ 11:42 AM
As a Federal Government Contractor or Grantee, do you find yourself struggling with FAR & DCAA compliance requirements? Do you often worry if you will make a profit on your contract or grant, or if you will even stay profitable from year to year? Perhaps even more frustrating, do you already have an accounting department or firm that should be handling this for you?
Have you ever considered how outsourcing some portion of—or your entire accounting department—out to an expert like ReliAscent could save your business money? It also mitigates risk and increases your expertise within the company relative to the myriad of regulations, at no real additional cost!
Outsourcing a critical function like DCAA & FAR compliant accounting services (or government contract and grant management) can save many small and medium-sized businesses thousands of dollars each month. With a team of outsourced experts, you get the top talent in the industry, yet only pay for what you need, when you need it!
If you would like to discuss how outsourcing these critical functions could benefit your business, contact ReliAscent today.
Posted by Tyler Link on Thu, Nov 07, 2019 @ 02:59 PM