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 the Full Blog Here
DCAA COMPLIANCE BLOG
Your Source for DCAA News and Government Contracting Information
Posted by Mike Anderson on Mon, Aug 31, 2020 @ 09:00 AM
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
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
Posted by Mike Anderson on Thu, Apr 09, 2020 @ 01:36 PM
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 Wed, Sep 18, 2019 @ 02:19 PM
Small Business Government Contractors and Grantees have enough on their plates just trying to keep the lights on, grow the business, and make a profit. In many cases, outsourcing certain functions like accounting, can be an efficient way to gain the expertise and help that they need to free up valuable time and focus on their direct work.Read the Full Blog Here
Posted by Mike Anderson on Wed, Sep 25, 2013 @ 09:52 AM
Government Contract Accounting - Software
Many small businesses are overwhelmed when they begin their first government contract. The ability to pass a DCAA audit for an accounting system is daunting. Many government contractors mistakenly believe that if they purchase a dcaa accounting software package that is designed to meet DCAA requirements that they are safe. Nothing is further from the truth. It is a first step to get accounting software that is designed to meet FAR and DCAA requirements but the system set up around that software, the consistent operation of that system and the retention of supportable records is also required to pass a DCAA audit. The government wants to see a full system and the compliant operation of the system to assure that they are not overcharged for the goods and services that they purchase. In addition, since they are the single largest purchasing entity in the United States, they also want to see that they get the "best deal". These seemingly simple goals have resulted in some complex regulations for Contracting Officers and also for government contractors. Today I would like to take just a brief look at the software packages that would be available to a government contractor, especially the small business, to form the backbone of their compliant business system for doing business with the Federal Government.
Posted by Mike Anderson on Mon, Aug 12, 2013 @ 12:00 PM
Ok, so you have an award from the government and you understand that there are requirements on how your accounting system is set up and operated. Where do these requirements come from? How do you know what needs to be done to make your accounting system compliant? I think it makes sense to understand the "rules of the playground". This review is fairly superficial but will help you, as a Federal Award participant, to understand more of the "why" and where it is coming from. This overview may also help you understand some of the other terms and conditions that are always attached to a Federal Award.Read the Full Blog Here