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REGISTER HEREGET $1000 OFF JAMESONWORX OUR FAR PART 31 COMPLIANT ACCOUNTING SOLUTION.
August 9, 2019 / Ed Jameson /
YOUR GOVERNMENT FUNDING AWARD REQUIRES A FAR PART 31 COMPLIANT ACCOUNTING SYSTEM.
FOR YOUR ACCOUNTING SYSTEM TO BE COMPLIANT, IT MUST DO A NUMBER OF THINGS:
- Segregate direct, indirect and unallowable costs
- Accumulate direct costs by contract/grant budget category
- Allocate indirect costs based on a logical and consistent method
- Reconcile the job-cost ledger with the general ledger
- Track employee time by activity
- Charge direct and indirect labor costs to the appropriate accounts
- Produce monthly reports of charges to contracts & grants to support billings/draw downs
- Exclude unallowable costs to avoid billing them to the government
JamesonWorx turns QuickBooks Online into a FAR and SBIR compliant accounting system.
With JamesonWorx, we’ll help you set up your chart of accounts on QuickBooks Online. Then, using our proprietary data model driven by Microsoft Power BI, we’ll provide the key reports you need to be compliant. You can access this information on your iPhone or Android, tablet or laptop… wherever and whenever you want.