Blog

What is a DCMA Compliant Purchasing System and Why Should I Have One? – CPSR part 1

Jun 14, 2019
What is a DCMA Compliant Purchasing System and Why Should I Have One?
What is a DCMA Compliant Purchasing System? A DCMA compliant purchasing system is one designed to ensure that purchases are made at fair and reasonable prices and in compliance with the applicable contract terms, regulations and public laws. A purchasing system is an amalgamation of people, processes, and tools that must work together to achieve the goal of spending taxpayer dollars wisely.

What to Look for in a Billing and Invoicing Tool

Jun 6, 2019
What to Look for in a Billing and Invoicing Tool
As a professional services company, it is critical to be able to automate and shorten the bid-to-bill lifecycle. Professional services organizations need revenue recognition and billing to be completely in lock step. Choosing a billing and invoicing software can help you maintain accuracy and efficiency.

Getting Ready for a DCAA Audit

May 22, 2019
Getting Ready for a DCAA Audit
Let’s quickly level-set on the mission of the Defense Contract Audit Agency (DCAA). Their primary function is to perform contract and financial audits for agencies that are responsible for acquisition and contract administration for the US Government. DCAA audits ONLY government contractors. In this blog, we explore what you need to know in order to prepare for an audit.

Project Planning: Estimate, Budget, and Forecast

May 10, 2019
Project Planning: Estimate, Budget, and Forecast
The project planning process starts with a proposal estimate. Taking the time and effort to make a great proposal plan is a sure way to give the executing team the best shot for project success. The proposal estimate will have scope, schedule, and a cost. Understanding the scope is the first step.

The Characteristics of an Adequate Project Budget

May 1, 2019
The Characteristics of an Adequate Project Budget
Establishing a comprehensive and realistic project budget is rarely a simple task. After all, how do you accurately predict and outline all the moving parts that are required for project success—such as resources, billable hours, and additional expenses—and allot enough money for each of these? In this blog, we discuss the characteristics that your project budget must have.

Incurred Cost Submission

Apr 29, 2019
Incurred Cost Submission
The deadline for submitting your Incurred Cost Submission (DCAA.mil information) is 6 months after your official yearly close. For those who closed your books on Dec 31, 2018, the deadline is June 30, 2019 and it will be here before you know it. Are you ready to comply with the Allowable Cost and Payment clause (FAR 52.216-7)?

Project Visibility and Control for Project Managers

Apr 23, 2019
Project Visibility and Control for Project Managers
Project managers (PMs) and their teams scramble too often for project visibility information in Excel and perform busy work instead of actively managing their projects and fostering relationships with customers. With the right processes and tools, PMs can have the information at their fingertips needed to focus on performance and profitability, reduce risk, and manage their projects.

Tips for Developing Key Performance Indicators for Your Organization

Apr 16, 2019
Tips for Developing Key Performance Indicators for Your Organization
Key Performance Indicators (KPIs) serve as important measures of your organization’s progress. They provide actionable insights to help you run your business on one single screen. These can be invaluable benchmarks that your team can use to determine if you are on track to reach your project and financial goals, giving you a clear path to growth.

What to Look for in Pipeline Management Software

Apr 9, 2019
What to Look for in Pipeline Management Software
Your project based company’s pipeline is invaluable for your growth, so managing it properly should be high priority. Some organizations may struggle with dedicating enough people, resources, and time to closely monitoring their pipeline. If this describes your organization, you could benefit greatly from pipeline management software. In this blog, we will explain the benefits of using pipeline software as well has how to find the right tool for your business.

SF1408 Part 2 – The Importance of Using a Timekeeping System to Maintain Compliance

Apr 5, 2019
The Importance of Using a Timekeeping System to Maintain Compliance
One of the most important aspects of government contracting is maintaining compliance with a timekeeping system. In this blog, we'll dive into the timekeeping requirements and what auditors are looking for.