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!  


 

It's September, do you know where your indirect rates are?

Posted by Mike Anderson on Tue, Aug 24, 2010 @ 05:05 PM

Many of you may remember the TV commercial many years back where the announcer said "Its 10:00pm.  Do you know where your children are?".  The idea was to focus parents attention on their children in the formative ages.  The same might be said right now to government contractors: "It's September, do you know where your indirect rates are?".  The parallels here are astounding.  The premise on the parenting message is that if you as a parent don't know what your children are doing at this hour of the day, you may have a nasty surprise when they get caught.  In the government contracting world there could be similar consequences.  For instance, if your rates are not following your approved rates you could be faced with giving the government some money back at the end of the year or the end of the contract.  If you did know where your rates were, how would that change anything you say?  Well, if your rates are running too low, there is still time left in the year to spend the indirect money that was originally budgeted in order to bring the rates back into line before the end of the year.  The longer you wait, just like postponing writing that term paper, the more difficult this will be to bring your rates back into line.  Now is a good time to look at your indirect rates, compare them to your approved billing rates and take action to prevent unpleasant surprises at the end of the year.
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Topics: Indirect billing rates, DCAA accounting, government cost accounting


Navigating FAR and "late payments"

Posted by Mike Anderson on Mon, Jun 07, 2010 @ 07:00 AM

It always amazes me to hear about small business entrepreneurs who are successful in receiving SBIR grants or government contract(s)  but suddenly have difficulty in collecting money or continually have late payments from the government.

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Topics: FAR, Government Contract, SBIR, DCAA accounting


Looking for a Deltek GCS Expert

Posted by Mike Anderson on Tue, May 11, 2010 @ 11:55 AM

The good news is that Tech Biz is growing.  As a result, we have a need for someone with experience in Deltek GCS software.  We ideally would like someone with extensive experience in the software including not only operating the software but also in installing the software.  Obviously, operational knowledge is primary and installation can easily be learned if needed but we would prefer to not have to go through this training if we can avoid it.  Ideally we would like this person to have a degree in accounting and experience with operating government accounting systems including determining indirect rates, extensive knowledge of FAR, knowledge of GAAP, knowledge of timekeeping systems and other government accounting requirements.  It would be nice, but not necessary, if this person were a registered CPA and/or a former DCAA auditor.  I know this is asking a lot, but here at Tech Biz we pride ourselves in being the best.  If you fit this description, or know someone who fits this description, then please contact either Dave Donley or Mike Anderson immediately. 
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Topics: Tech BizSolutions, DCAA accounting, Deltek, Deltek GCS Premier


ICE Reports for Government Contractors

Posted by Mike Anderson on Wed, Mar 17, 2010 @ 01:33 PM

Is there anyone out there that relishes preparing their Incurred Cost Submissions?  Does this seem like your personal income taxes on steriods?  Also, does everyone know when their ICE reports are due?  We all recognize the date April 15th as tax day but ICE is not quite as clearcut.  For government contractors your ICE report is due 6 months following the end of the corporate fiscal year.   So multiple dates are possible, depending upon how you structure your company.  Many companies have a December 31 end to the fiscal year which means the ICE reports are due by June 30th.  It is not too early to start thinking of this right now if this is the case for your company.  There are typically 18 sections (or Schedules) associated with the ICE report template with another 6 "optional" schedules. (Wow! really?)  There is a government template/model for the ICE report.  You can find this at   http://www.dcaa.mil/ice.htm.  For the un-initiated, this can be a test of patience and sometimes very confusing.  It is no wonder that many people either procrastinate this or forget about it altogether.  This is not a good solution as the contracting officer then is in the drivers seat to determine your indirect billing rates and that could end up costing you money.  My recommendation is to do what you might do with your personal taxes, hire an expert.  The staff at Tech BizSolutions is just such experts.  Give me a call today at 303-867-8125 and we can discuss it in more detail.
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Topics: ICE, FAR, Incurred Cost Submission, DCAA accounting


DCAA Compliance: "Pay me now or Pay me later"

Posted by Mike Anderson on Wed, Dec 02, 2009 @ 04:02 AM

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Topics: DCAA compliance, DCAA accounting, government cost accounting


Happy Thanksgiving from TechBiz Solutions

Posted by Mike Anderson on Wed, Nov 25, 2009 @ 01:23 PM

Sometimes we forget the real meaning of the Thanksgiving holiday.  At the risk of sounding like an actor that has not rehearsed his acceptance speech when receiving an Academy Award, here is an incomplete list at best.

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Topics: business consultants, DCAA accounting, government cost accounting, DCAA guidance


Navigating FAR and "late payments"

Posted by Mike Anderson on Fri, Sep 18, 2009 @ 04:59 PM

It always amazes me to hear about small business entrepreneurs who are successful in receiving SBIR grants or contracts from the government but suddenly have difficulty in collecting money or continually have late payments from the government.

Read More

Topics: SBIR, DCAA accounting