DCAA Compliance Blog

Your Source for DCAA News and Information for Contractors

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!  


 

SBIR Awards and DCAA Compliant Accounting Systems

Posted by Mike Anderson on Fri, Feb 07, 2014 @ 05:00 AM

ReliAscent (and our predecessors) have been in the business of helping SBIR firms install and operate compliant accounting systems for over 22 years.  As most SBIR firms are aware, a Phase I award is usually a fixed price type award and since the dollar volume is relatively low, a compliant accounting system is not required during the phase I award.  For the past 22 years we have encouraged Phase I winners to begin developing their accounting system in anticipation of a Phase II award that would require a compliant accounting system.   There is not a government requirement to do this and thus many companies understandably chose to ignore the compliant accounting system requirement until they got to that "bridge to cross".     

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Topics: SBIR, DCAA accounting, DCAA Compliant Accounting Systems, SBIR Awards