As your federal government contracting company grows and changes, you face the challenging decision of whether to implement a new accounting system or remediate your existing one to meet government contracting requirements.
Unfortunately, the consequences of failing to meet contracting requirements are rather severe. You could:
- Fail a pre-award audit and lose your chance to win the contract
- Fail a DCAA accounting system audit, which could jeopardize the future of your business
- Fail to accurately report on indirect cost rates, which will make the preparation of the incurred cost submission painful, time- consuming and potentially inaccurate. If you have a Cost Plus Fixed Fee (CPFF) contract, you will not be able to properly analyze if the government owes you money at the end of the year (or if you owe the government money) due to fluctuations between actual and provisional indirect rates.
Instead of guessing what to do, tap into our expertise and use our streamlined Assessment, Implementation or Remediation (AIR) methodology to make and execute this critical decision.
Is AIR right for you? Ask yourself:
- Is my accounting system automated and properly structured to meet federal government contracting compliance requirements?
- Would my accounting system pass a compliance or pre-award audit?
- Does my accounting system produce the financial information needed to manage the business and meet operational requirements?
- Is my accounting system able to produce my indirect cost rates on a monthly basis?
- Is my accounting system integrated with other key systems, such as time and expense, billing and financial and management reporting?
Not only will we help you pick the right accounting system or remediation approach, we’ll implement and manage it for you and train your staff on how to use it.
When it comes to assessing accounting systems, improving the way existing systems are used, and implementing new systems, Golden Gait is your go-to expert.