No client has ever failed a government audit where PBC’s GAP accounting system was properly installed.
All you need is QuickBooks Pro and Microsoft Excel. Our system includes a customized government accounting model for QuickBooks Pro and associated Excel workbooks specific to grants (NIH) or contracts (DOD).
Features:
- Custom Chart of Accounts – developed to meet government accounting requirements
- Indirect rate structures for all Government agencies (separate structure for DoD type and NIH type contracts/grants)
- Job Costing & Time Charging Procedures
- Indirect and Unallowable Cost Capturing
- Management and Financial Reports
- Fully Burdened Project Cost Reports
- Indirect Rate Calculations
- Detailed Procedural Manual
- Technical Support available on an hourly basis
Many federal SBIR/STTR Agencies require proof that you have an acceptable accounting system established before they will award a Phase II contract or grant determined by an audit of the accounting system. In addition, many agencies will perform an audit of your cumulative award costs at the conclusion of the research project. The complete GAP system is set up to follow Federal Acquisition Regulations (FAR) and all accounting principles required for government accounting. With proper implementation, GAP ensures that your Accounting System will be acceptable and keep you compliant for Government Audits.
Technical Support
PBC provides accounting support for the Government Accounting Program (GAP) and general technical support. These services include problem solving, auditing, month-end reviews with comments and corrections, and overall guidance.
