Handling government contracts involves intricate accounting procedures, which can be perplexing for many businesses. Furthermore, maintaining accounting and finance functions internally can be expensive and lead to higher indirect rates, which can further decrease the competitiveness of the organization.
Accounting for Government Contracts
Another critical aspect for government contractors is the accurate pricing of award proposals. It is crucial to create a competitive proposal that covers overhead costs while ensuring profitability. Finally, cost proposals must be well-supported with explanations and justifications.
Government Accounting Regulations
At A4B, we have extensive experience in aiding businesses competing for government contracts with their accounting, billing, indirect cost allocations, and specialized reporting. Our team is well-versed in government rules and regulations. By partnering with A4B, you can confidently make vital financial decisions, knowing that your government accounting processes are overseen by a firm that genuinely comprehends how to assist you in achieving and maintaining compliance.
We Offer Silver and Gold Service Packages to Govcon Customers
Basic Silver Service Plan With Optional Services
Accounts Payable Processing
Accounts Receivable Management (including grants and other receivables)
Reconciliation of Cash, Investment and Other Balance Sheet Accounts
Assisting in Donor Billing
Spend Management
FAR and 2 CFR 200 Compliance
Assisting in Preparation of Government Project Related Internal Reports
Assisting in Calculating Indirect Cost Rates and Their Allocation
Assisting in Preparation of Government Financial Reports
Assisting in development of KPIs and Financial Dashboard
Assisting in Organizational Budgeting and Forecasting Process
Accounting and Integrated Technology Solutions Consulting and Implementation (Optional)
Payroll Processing and Payroll Tax Return Filing (Optional)
Assisting in 1099 Form Filing (Optional)
Annual Financial and Compliance Audit Preparation (Optional)
Annual Negotiated Incurred Cost Rate Submission (Optional)
BASIC GOLD PACKAGE WITH ADDITIONAL OPTIONAL SERVICES
The Gold Plan Includes all services contained in Silver Package
Plus
Bank Relationships
Credit Line Negotiation
Borrower Base Certificate
FAR, 2 CFR 200, CAS consulting
Award Cost Proposal preparation