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!  


 

Outsourced Accounting services and Partnerships

Posted by Mike Anderson on Wed, Jun 05, 2013 @ 11:01 AM

We have talked recently about outsourced CFO help as well as some of the reasons for outsourcing a small firm’s complete accounting function.  By complete accounting function, we mean not only doing the books for a small business, but helping that business with budgeting, reconciliations, financing options as well as other strategic recommendations.  A large company has a full accounting department to perform these functions but a small business cannot afford a full accounting department.  Outsourcing the full accounting function can provide for all of those skills on an “as needed” basis or as some refer to it, “by the drink”.  ReliAscent also has a group of partners that can be utilized in order to provide an even wider range of services to our clients.  One of these partners is Federal National Commercial Credit (FNC2), a provider of working capital solutions to government contractors & other small businesses.  I thought it might be good to talk about the importance of these partnerships, especially when it applies to a real-life situation.  Recently, ReliAscent performed a number of services for a client of FNC2.  FNC2 needed to verify their client had an adequate accounting system to support the amount of financing that the client was requesting.  ReliAscent was able to go in and:

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Topics: government contracting, Outsourced Accounting, CFO, Partners