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!  


 

DFAS Changes Help Small Businesses

Posted by Dave Donley on Mon, Sep 26, 2016 @ 01:15 PM

For as long as I’ve helped clients unravel their billing issues with the government, I’ve always been impressed with the service from the Defense Finance and Accounting Service (DFAS) help desk. Help desk agents are very knowledgeable about the DFAS payment system and the intricacies of Wide Area Workflow (WAWF). They quickly isolate the problem for any billing issue I have. True, it does take some time to get through on a call sometimes, especially during peak work hours. Still, whenever a voucher is rejected or placed on hold by DFAS, it usually takes only a few minutes on a call to find a solution.

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Topics: WAWF, Wide Area Workflow, DFAS


Government Contractor CFO's 101 (Part VII) - Cashflow Management II: Navigating the Government Payment System

Posted by Dave Donley on Wed, Sep 21, 2016 @ 08:50 AM

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:

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Topics: Outsourced CFO, WAWF, Wide Area Workflow, outsourced cfo services


Improvements in the Wide Area Workflow System

Posted by Mike Anderson on Fri, Feb 28, 2014 @ 09:35 AM

For many seasoned government contractors dealing with the Department of Defense, the Wide Area Workflow (WAWF) system is already a familiar tool.  It may not be a well liked tool, opinions vary on this system, but many contractors are already using this tool.  The system is continually being refined so that it can do more things and, at the risk of sounding facetious, easier to use.   There were revisions to the system in 2013 (March 2013, version 5.4.0 & July 2013, version 5.4.1) and again this year (January 2014, version 5.5).  A lot of the changes in the last year are minor in nature but some are worth noting:

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Topics: Department of Defense, WAWF, Wide Area Workflow


The importance of a Government Contractor's Cash Flow

Posted by Mike Anderson on Fri, Jan 10, 2014 @ 09:28 AM

The most important thing for any business is to generate revenue and then collect that revenue.  When there is a difficulty in collecting the revenue that was generated, the business can suffer from cash flow problems.  It has been estimated that 70% of businesses that go bankrupt were profitable when they closed their doors.  In addition, if a small business only plans cash flow once per year, they are nearly three times more likely to go bankrupt than a small business that does monthly cash flow planning.  If this is so critical, shouldn't more small businesses pay attention to this management tool?  The answer is yes but in many cases, unfortunately, the business owner my either not know how or not realize they should do this or have the knowledge or expertise to do it properly.  The savvy business owner will enlist the help of someone or some organization that can help them with this critical task. This task becomes more onerous when the business is a government contractor.  The cash flow analysis itself may not be any more complicated, but the factors that affect the cash flow may be more dynamic.  It is smart to employ an expert to help the small business in this area.

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Topics: government contractor, SAM, WAWF, Central Contractor Registration