Most small business government contractors and grantees are understandably focused on things like their direct work, avoiding a DCAA audit, or just delivering product &/or CDRL’s. Running a successful, growing business, on the other hand, is more than just your deliverables, or accounting and contract compliance. It takes financial planning, strategic management of your rates, project performance monitoring, and several critical business and financial management skills that most small businesses—and their accounting firms—simply lack.Read More
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!
When you decide that you need expert help in Government Contracting, what do you look for in a partner? Do you want someone with experience running a small business like yours? Does the depth and breadth of experience really matter? Are there other factors besides just having your accounting system comply with the Federal Acquisition Regulations?Read More
CFO Cashflow Management - Part II
CFO’s in the government contracting environment will learn it’s no easy feat knowing how and when to get paid. These terms are spelled out in each contract or grant which may include some of the following methods:Read More
CFO Risk Management– Part II
In our introduction to risk management, understanding the regulatory environment a firm finds itself in was a critical first step for any CFO. For a deeper understanding on how this affects a business, let’s assume you’re a small business (according to the Small Business Administration) having a prime cost-plus type contract. What are the risks involved that the CFO should be aware of?Read More
Indirect Rates - "What's a Good Indirect Rate?"
CFO Forecasting – Part II
In a prior blog in our series on CFO's for Government Contractors, we emphasized the importance the CFO’s role in establishing job cost accounting and developing an indirect rate structure that’s suitable for a particular business. Once the mechanics of an adequate government contract accounting system is established, we’re often asked…Read More
Economic forecasting and modeling are CFO responsibilities that take on a vital role in the government contracting environment. CFO’s in this market must understand the sometimes arcane cost allowability rules and operate on margins typically thinner than most commercial enterprises. In this case, a skillful CFO can have a positive influence on profitability.Read More
Like any other industry, government contractors face both the challenge of running a business in general, but also meeting the challenges of their particular marketplace and regulatory environment. Management responsibilities address these challenges in ways that may be different, sometimes drastically different, than what’s experienced in a purely commercial environment.Read More