Falls Church, VA (PressExposure) April 13, 2011 -- Bay Business Group, a company providing online outsourced accounting services, has come up with a solution for government contractors who use QuickBooks. The company connects QuickBooks with web based timesheet that complies with the Federal Acquisition Regulation Part 31 and fulfill the DCAA audit requirements.
Talking about the DCAA QuickBooks, the senior manager of the company stated, "Serving the public interest, DCAA needs to ensure that the taxpayers' money is spent on reasonable contract prices. With our expertise at making QuickBooks compliant to DCAA, providing financial and accounting advisory services and performing all the contract audits for the Department of Defense becomes much easier. Our 3rd party rate and allocation tool assist DCAA in tracking, rate build-ups and reporting."
For government contractors, the company offers monthly bookkeeping, outsourced accounting, rate calculations and cost pool configurations, payroll for government contractors and DCAA audits. In addition to that they install and support the Indirect Cost Allocation Tool (ICAT) for the government contractors who use QuickBooks.
Adding to the conversation, he spoke of the other services they provide to the government contractors, "Be it bookkeeping, payroll calculations or outsourced accounting, we do all this monthly for you, if you are a small organization and on a daily basis if you are larger. A proud member of Federal Contractor Services Network, we help DCAA provide appropriate results of contract audit services to Federal Agencies."
They provide QuickBooks trainings to ensure that information tracked and entered is accurate. Creating an easy to use accounts chart, creating inventory management and reporting functions, setting up accounts of vendors and customers and reducing repetitive, tedious entries with smart keystrokes is all included in the FCSN QuickBooks setup.
The outsourced bookkeeping services for government contractors alleviates the overhead of managing the requirements of Defense Contract Audit Agency. The company leverages the effectiveness of the Internet to provide an instant access to the financial info and accounting details. Tax strategies, representation with the IRS and other services are also provided by the company.
About Bay Business Group
Bay Business Group is a leading company offering online CPA services. The company holds years of experience and expertise in providing CFO services including audit and IRS support, cash flow management, budgeting, tax planning and more. Known for its small business bookkeeping, Bay Business group provides a structured process to ensure that the books and records are accurate and timely.