When it comes to SBIR accounting, there’s a lot of “theories and myths” that float around. Making government contractors feel okay about how their keeping up with their accounting even though it’s not Federal Acquisition Regulations (FAR) or DCAA compliant. After all what is compliant? The D...

Graduating from Phase I to Phase II is a completely different experience. Indirect rates, annual rate reporting, continued quarterly reporting, and considering the closeout of your award is your new normal. Having an adequate accounting system is the cornerstone of making your experience on the fi...

When the government comes calling and asking for you to support a voucher you submitted, or a draw-down you requested, can your accounting system clearly demonstrate where the respective costs came from? In other words, if you submitted a voucher for $100,000, of which there was $75,000 of profit an...

It appears that government audits are on the rise, especially coming from DCAA. An auditor indicated that the increased audit activity would pretty much be the new norm, given what appeared to be lower audit activity over the past five-plus years. The audits are more comprehensive in nature and revi...