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Are You Confusing Compliance with Complexity?

And when you are planning to propose on a cost-reimbursable government contract, there is one big obstacle you must first jump over SF 1408 Pre-Award Accounting System Survey. This form is not a mere paperwork but a thorough examination of the way your accounting system functions, and whether it corresponds to the rigorous standards of DCAA.

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Are You Confusing Compliance with Complexity?

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  1. Are You Confusing Compliance with Complexity? And when you are planning to propose on a cost-reimbursable government contract, there is one big obstacle you must first jump over SF 1408 Pre-Award Accounting System Survey. This form is not a mere paperwork but a thorough examination of the way your accounting system functions, and whether it corresponds to the rigorous standards of DCAA. The DCAA (Defense Contract Audit Agency) does not mess around regarding compliance. They would like to know that you are able to monitor direct vs. indirect costs, keep time keeping systems, indirect rates calculations and cost segregation. Your system should be in a position to give you reliable data that can be audited. And, when it is not, you can lose the contract... even before you get started. That is where SF 1408 steps in. It describes expectations of Dcaa Accounting System Requirement. Such aspects as the allocation of labor, monitoring of job costs, and unallowable costs policy all fall under the microscope. It is not a software issue, it is a system, control and accountability issue.

  2. Feeling overwhelmed? You are not the only one. A lot of contractors lose opportunities just because they were not prepared to this review. But the happy news? Given the appropriate assistance, the approval of SF 1408 is definitely feasible. DCAA Consulting assists companies to design and document accounting systems that successfully go through SF 1408 without any fail. Whether it is the establishment of your chart of accounts or the optimization of your time keeping policies, we have you covered and not chasing your tail.

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