So you are a small business and you are awarded a government contract. The accounting, invoicing and audit requirements can be significant especially for cost reimbursable and Time and Material contracts. In most cases a small business simply does not have the resources to handle these requirements and best position the company for compliance and cost recovery.
Often the company will look to an outside accountant, bookkeeper or CPA to perform these tasks. These types usually have the general accounting knowledge and experience but lack the unique government contract accounting experience. They normally need to go through an accounting system implementation and significant training. In the end, even with this training, this approach can fall short as the personnel lack the experience needed and there is certainly a learning curve.
Some clients prefer to contact me and have their government contract accounting performed by an expert in the field with 30 years experience. This takes all the worry and stress out of the picture. Their view is why not go to source it is an approach that puts clients worries at ease. They have confidence that their accounting will be performed meeting the requirements and maximizing cost recovery. They can make all their submissions with confidence.
If you would like to investigate my help please contact me.