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.Read More
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!
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
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:
Many government contractors are familiar with the System for Award Management (SAM) that recently replace several different government registrations including ORCA and CCR. What many contractors may not be aware of is that the SAM system requires contractors to update their registration at least annually. There has recently been an update published by the Small Business Administration to the Code of Federal Regulations (13 CFR Parts 121, 124, 125, 126, and 127) that not only reiterates this annual recertification but outlines penalties if the certification is fraudulent. The new rule establishes that there is a presumption of loss by the government equal to the value of the contract if this is misrepresented by the business. It also provides that the business will no longer be classified a small business (or other socioeconomic status qualification) if they fail to update SAM at least annually until such time as they update SAM. This revision is a result of the Small Business Jobs Act of 2010. The new rule becomes effective August 27, 2013.