DCAA Compliant Accounting Systems - Florida SBDC
DCAA Compliant Accounting Systems
State Designated as Florida's Principal Provider of Business Assistance [? 288.001, Fla. Stat.]
Helping Businesses
Grow & Succeed
About Your Presenter
Jenny W. Clark
With
over
30
years
experience
in
federal
contrac6ng
and
accoun6ng
so9ware,
Jenny
has
helped
hundreds
of
small
businesses
with
DCAA
compliance,
indirect
rates,
6mekeeping,
billing
and
repor6ng.
solvability
Seminar Objectives
To provide you understanding of:
?Basic Contract Types
?Government Contracting Accounting
?DCAA Compliant Accounting Systems
Basic Contract Types
Fixed
Cost
Price
Plus
T&M
IDIQ
Basic Contract Types
Fixed Price
? Fixed Scope of Work for Fixed Payment Amount
? Billing May be Fixed Monthly Amount or Milestones
? Used when the work to be performed is well defined
? Low risk for government, higher risk for Government
? Higher Fee % may apply
? Not typically subject to audit
Time & Materials (T&M)
? Hours times fixed billing rate
? Master contract with rates, annual rate increases
? Labor Categories define skills requirements
? Firm Fixed Price Level of Effort or Fixed Labor Rate = T&M
? Audits will check hours billed to hours in timesheets & payroll
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