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!  


 

Fixed Price NSF Grant May Have Hidden Consequences.

Posted by Mike Anderson on Fri, May 02, 2014 @ 10:58 PM

When a company is awarded a Fixed Price award, specifically a fixed price NSF grant or SBIR grant, from the government, usually all the financial risk is on the contractor.  This means the government is less interested in how the company does their accounting.  The contractor is usually not burdened with audits of their accounting system, they do not need to calculate indirect billing rates and the type of accounting system is not a concern to the government.  The burden of completing the work assigned for the price agreed upon is enough risk for the company to bear.  Recently, there have been some incidences of items that might be of concern to  a company with a fixed price grant from the NSF.

Read More

Topics: NSF Grant, SBIR Grant, NSF Grant Accounting


NSF SBIR & NSF Grant Accounting Guidelines

Posted by Mike Anderson on Fri, Jan 03, 2014 @ 01:46 PM

The National Science Foundation (NSF) was the Federal Agency that gave birth to the Small Business Innovation Research (SBIR) program.  They currently are the fifth largest agency for awarding money to the SBIR/STTR programs annually.  The requirements in dealing with the NSF are slightly different from the requirements in dealing with the Department of Defense (DoD) which has the largest SBIR/STTR budget.  Many times small business owners will begin dealing with one agency and not realize the differences.  This can cause problems. 

Read More

Topics: NSF, NSF SBIR, NSF Grant, NSF Accounting