DCAA COMPLIANCE BLOG

Your Source for DCAA News and Government Contracting Information 


 

NSF Phase II SBIR/STTR Financial & Accounting System Requirements

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

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 the Full Blog Here

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


Will Not Having An Approved Accounting System Disqualify Our Firm From Bid Opportunities? - PART I

Posted by Dave Donley on Wed, Jul 15, 2015 @ 09:53 AM

Many new/start-up small business federal contractors often ask the question: Will not having an approved accounting system disqualify our firm from bid opportunities? 

Read the Full Blog Here

Topics: DCAA accounting, DCAA Compliant Accounting Systems, Government Approved Accounting System, DCAA Accounting System


Is QuickBooks DCAA Compliant? QuickBooks and DCAA Compliance Requirements

Posted by Mike Anderson on Wed, May 06, 2015 @ 06:00 AM

DCAA QuickBooks®

Many start-up businesses and small businesses are in need of a DCAA compliant accounting system but cannot afford many of the options for software that is DCAA compliant “out of the box”.  These “out of the box” solutions usually include systems like Deltek CostPoint®, Deltek First Essentials®, Sage Mass 90®, Jamis Prime®, Microsoft NAV® as modified by PVBS, Procas® and ERP-Gov® to mention a few.  A small business wants a system that is not too complicated for their simple structure and yet can be affordable for their limited budget and still have the capability of passing a DCAA audit.  The good news is, “Yes” a system based on software like QuickBooks® can be made compliant.  Normally a QuickBooks® system cannot be compliant without the addition of what I call satellite systems.  The following graphic illustrates this concept:

Read the Full Blog Here

Topics: QuickBooks, DCAA Compliant Accounting, Government Approved Accounting System, Is quickbooks dcaa compliant?, DCAA QuickBooks, Quickbooks DCAA


Year-end change: Government Approved Accounting System

Posted by Mike Anderson on Tue, Oct 29, 2013 @ 04:18 PM

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 consider making the switch.  The perfect time to switch your accounting system is the end of a fiscal year.  We are approaching the end of the fiscal year for a large percentage of businesses (65% of publically traded companies in the US have a Dec. 31 fiscal year end).  With the approach of a major holiday season as well, the time to consider changing your accounting system is right now.  If you start working on this change now, it will be ready to operate come January first. 

Read the Full Blog Here

Topics: DCAA compliance, DCAA, DCAA accounting, Government Approved Accounting System