What Do You Know… about GovCon Travel?
GovCon cost reports break out allowable Travel from unallowable Travel. We use per diem rates, transportation that we can prove costs reasonable amounts, and other …
Start-up Grown to Need a Disclosure Statement?
Your small business lands more sales contracts. Your small business earns more gross income. Your small business hires more employees to keep up with sales. …
Delayed Paychecks
Is your start-up small business postponing paychecks? If your new company has – or hopes to win – awards paid with federal government funds, accrual …
Small Business Primes with Subcontracts
If the federal government awards your company with a prime contract information about your five most highly compensated employees typically becomes public. Many small businesses …
What Do You Know… about Indirect Rates?
GovCon Job Cost Accounting requires segregation of direct costs (for one particular Job – which can be a project or a contract) from indirect expenses …
CONTRACT CLAIMS: Non-receipt for Extra Scope
My definitional difference between the hands-on workers (e.g., Project Manager, Chief Engineer) and the administrative workers (e.g., Contract Administrator, Accounting Manager) in your company is …
SUBCONTRACT ADMINISTRATOR: Small Business Subcontractor Accounting
Did you know that, when your company hires a subcontractor, your company – not your customer (or the federal government) – is obligated to verify …
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What Do You Know… About Accounting Systems?
Put on your “administrative operations” thinking cap. Test your reasoning and logic skills from a federal government reviewer’s viewpoint. Ponder these! 1. The billing for …
DCAA Accounting
Organizations that sell on contract to the federal government (Government) label regulatory or DCAA compliant Accounting Systems by many names. They all express the same …
Overhead Versus G&A Versus ICR Versus Other Indirect Expenses
Your company may structure indirect pools, bases, and rates in any way it wishes. Every company is unique. Executive management of your company knows the …
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