Government Funded Businesses - SBIR Grant  and Contract Recipients

Compliance is not optional.  From the moment of the first award - grant or contract, your business must begin to evolve and put in place financial and managerial control systems.

Compliance is more than accounting, human resources, or operational.  It is all aspects and areas of the business.

If you are a first time recipient of a grant or contract, or have had a substantial increase in awards, or expect to receive more than $500,000 in awards this year, then you may need assistance in structuring your business to meet the business and financial requirements of your awards. 

Here are some of the topics F.O.C.U.S. Resources can provide assistance and training on:

• accounting and financial system compliance
  • working with QuickBooks to satisfy:
    • cost tracking
    • cost allocations
    • cost pooling
    • reporting
  • indirect cost calculations
  • allowable costs
  • direct/indirect cost determination
  • program and project reporting
  • other key processes and procedures
• management control system
  • timekeeping
  • recordkeeping
  • cash management
  • other key processes and procedures
• first-time prime contractor or grant recipient
  • sub-recipient monitoring
  • internal controls
  • procurement
  • other key processes and procedures
• agency and company specific contract/grant requirements

Here are some articles to illustrate some of the scope of the compliance and business issues your business must address:

ARTICLES

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