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Government accounting and reporting requirements issued by the Federal Acquisition Regulation can be difficult to navigate and can potentially impede business growth. As a government contractor, any day-to-day operational inefficiencies can ultimately affect profitability. Businesses need a resource or trusted advisor who has implemented and operated hundreds of government accounting systems and who has passed hundreds of DCAA audits. Our transaction advisory and integration services go beyond the traditional due diligence support services with a deep industry focus.
We can provide overhead rate audits and FAR compliance along with ASHTO audits, and agreed upon procedure engagements. Ongoing support to ensure all your accounting and bookkeeping is being recorded in line with current government regulations. Our QuickBooks accounting software configuration ensures your reporting processes stand up to DCAA regulations. Management Concepts CPAs & Consultants takes a practical, results-oriented approach to helping our clients achieve their financial goals. We understand that every client comes to us with a unique set of circumstances, we always take time to listen to your specific accounting needs.
Extensive Industry Experience
The medical billing services are handled by an experienced team to ensure that the claims are scrubbed properly before they are submitted. Stringent processes are followed to ensure that the billing codes are properly chosen to ensure higher claim reimbursement percentage. With us as your partner, you can choose from a body of professional consultants to meet your accounting needs and beyond. Whether you need an outsourced CFO or controller, contracts and procurement manager, information technology expert or human resource advisor, our team can be your best ally.
What Is Business Process Outsourcing (BPO)? – Forbes Advisor – Forbes
What Is Business Process Outsourcing (BPO)? – Forbes Advisor.
Posted: Wed, 23 Nov 2022 08:00:00 GMT [source]
Many are in the fields of technology, communications, defense, security, and other professional services. The construction industry is a unique field all its own, and it takes a firm that has dedicated professionals’ with experience in construction accounting. The Rodeheaver Group offers a broad range of accounting, financial reporting, and tax services to contractors and construction companies of all sizes. The Rodeheaver Group can support your company in a variety of different ways, including assisting with acquisition and mergers, developing ways to maximize bonding capacity and making the most out of working capital. The Center also serves as a valuable resource that studies and disseminates information pertaining to the industry, publishes weekly and monthly thought leadership, and holds seminars and events on the latest developments in the industry.
Our CPAs are experts in the complicated rules and regulations surrounding government contracts.
We can help businesses attain and maintain adequacy in accounting, estimating, property, and purchasing systems. Employee Benefit Plans are encountering heightened scrutiny from regulators, and the need for dedicated and specialized professionals to support you in operating your plan has never been greater. The requirements are complex; the scrutiny more severe; and the potential for fines, penalties and lawsuits greater than ever before. Our employee benefit plan accounting and audit team has a keen eye for the common mistakes that can lead to costly complications. We are committed to providing guidance in avoiding common plan deficiencies and for providing your plan with the high quality audit services needed to maintain plan compliance. We will also assist you in establishing and maintaining best practices in benefit plan accounting and financial reporting. It is possible that a contractor can have a more productive internal accountant/system that has a lower cost than its peers.
- Nexia International Limited and each of its member firms are separate legal entities and not part of a worldwide partnership.
- Whether you have a Fixed Price, Cost Plus or Time and Material contract, we have the expertise you need to manage and report on financial data so you remain compliant with contract standards.
- With us as your partner, you can choose from a body of professional consultants to meet your accounting needs and beyond.
- Our outsourced controller & CFO services provide clients with access to technical experts without the cost of a full-time hire.
- Cloud accounting offering 24/7 access to your financial data so you can see where your business stands in real time.
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Count on our tax preparation services to ensure your taxes are done on time and correctly. As rules and regulations constantly change, having a knowledgeable accounting partner ensures that you are abiding by the rules. Cloud accounting offering 24/7 access to your financial data so you can see where your business stands in real time. Replace your existing team and accounting software with a cost-effective, scalable and complete solution. Working from our review, we’ll provide clear and actionable recommendations for improvement related to your particular processes, software, and systems. We deliver accurate and timely financial reporting to help you calculate and present the most competitive bids possible.
Our services are customized so that you pay for only the level of service needed to support your organization. Global Strategies background in government contractors and construction companies, business process management, virtual CFO / accounting, and non-profit and for profit accounting services for business growth and success. Global Strategies outsourced bookkeeping solutions has government contractors and construction expertise in stringent internal controls and DCAA compliant systems. Even if the company has no contractual obligation to submit provisional and final indirect rates, they are essential for pricing and overall management of a business operating in the government contracting industry.
of your accounting system
Nexia International Limited does not deliver services in its own name or otherwise. Nexia International Limited and each of its member firms are separate legal entities and not part of a worldwide partnership. Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members.
- The level of expertise held by that individual will determine their cost in salary and benefits.
- However, it can be a challenge to navigate the minefield of rules and regulations set by the US government.
- Let’s schedule a discovery meeting so we can discuss your needs and confirm there’s a fit.
- The accounting consultant that your business works with should be one that’s experienced and knowledgeable in these things, or else you might find yourself on the wrong side of compliance anyways.
- As to the question of whether or not you should be using an accounting consultant for your government contracting business, the answer is usually a resounding YES.
- When both entities work together embracing a true team approach, trust grows, and success ensues.