Grant and Contract Management
Focus on real work, not paperwork
Congratulations! - you won funding, now what?
The money is "free", but there's still a catch.
You are now responsible for accounting, compliance, and reporting.
It takes a lot of time to figure this out on your own.
If you make a mistake, you can face financial or civil penalties, and will no longer be eligible for government funding.
We will help you with:
Accounting
Allowable Expenses: understand what is allowable and what is not. Plus, strategies to share indirect costs across multiple projects.
Time and expense tracking: streamline and simplify to avoid costly overhead.
Workflow Integration: optimize processes with new or existing accounting software.
Compliance
Regulatory Frameworks: examples include FAR (Federal Acquisition Regulation), DCAA (Defense Contract Audit Agency), DFARS (Defense Federal Acquisition Regulation Supplement), and more.
Audit Assistance: contracts exceeding $750,000 in annual expenditures will typically need either a Program-Specific or Single Audit. Preparation is key for this to go smoothly, by making information easily available to the auditors.
Risk Mitigation Strategies: with good habits and firm protocols in place, you can avoid panic during an audit.
Reporting
Performance Metrics: your grant agreement will require specific reports to be filed in order to prove you are meeting their funding goals and requirements.
Financial Reporting: so you can stay on budget. This is essential while waiting for a reimbursement to arrive.
Custom Reporting: specifically tailored to your business objectives.