Adherence to Regulations Is Crucial for the Success of Your Business
Policies and procedures serve as a framework for government contractors to operate efficiently, comply with regulations, manage risks, and uphold their contractual obligations, ultimately contributing to the successful delivery of projects and the maintenance of trust between the contractor and the government. By working with an accounting and advisory firm, like BMSS, that has a wealth of experience in assisting government contractors, you can rest easier with the knowledge that we can help you remain compliant with government regulations as well as tailor solutions to fit your individual needs with efficiency and effectiveness while providing an independent perspective to offer insights, identify areas for improvement and help you strengthen controls within your organization.
Leveraging the expertise of an accounting firm can help government contractors navigate the complexities of government contracting, enhance compliance, mitigate risks, and optimize financial management practices, ultimately contributing to the contractor’s success.
Policies and Procedures
- Review/Enhance Current Policies and Procedures
- Develop new policies and procedures tailored to your company
CPSR
HR Policies
- Development and support for mandatory policies, such as a Code of Ethics and Drugfree Workplace
- AAP analysis, development, certification, and training
- General HR policy support including handbook review and/or development, individual policy development, and consultation
Purchasing
Timekeeping System
Here is a list of a few of the timekeeping systems that Government Contractors often use. All options interface well with QuickBooks, offer DCAA compliance, and are designed for the government contractor/job cost accounting structure. Any of these can carry you through all phases/sizes of your business with reporting and timekeeping systems.
GHG/Clockwise – Now Timekeeper www.goclockwise.com
- Automated Timesheets
- Time Clocks
- Mobile App w/ Geotagging
- Project Tracking
- Multi-tiered Approvals
- Business Rule Management
- Leave Management
- Employee Scheduling
- Role-Based Security
- Reporting
- Payroll Integration
- Import and Exports
- Detailed Audit Trail
TBS Hosting & Timekeeping (Time-Ade) – http://www.kelsoft.com/products/timeade/
- Web-based time tracking
- For small to medium-sized organizations and government contractors
- Easy to use for Employees and Subcontractors
- Just one charge description, not multiple codes
- Enter time by the day or the period.
- Flexible for management and accounting
- Fully integrated with QuickBooks® using the Web Connector
- Configurable integration for other systems
- Support for multiple time periods (weekly, bi-weekly, semi-monthly, monthly)
- Assign staff to projects
- Compliant and Secure
- Tamper-resistant audit log with hash code for each entry
- HTTPS web hosting
- Secure password storage
- Does not have a mobile app, but can be used on mobile phones by using the web browser.
Quickbooks Time – https://quickbooks.intuit.com/app/apps/appdetails/quickbooks_time/en-us/
- Mobile Tracking
- Customizable Reports
- Seamless Integrations
Client Accounting Solutions
COA Development
Pool Development
HR Support
- Consultation and support for SCA requirements, such as Health and Welfare Rates and Wage Determination mapping
- HR Audits
- Labor Category development
- Mandatory reporting, including EEO-1 and VETS 4212
- Custom development of training presentations, videos, and materials
- General HR Support including consultation, onboarding, benefit administration, compensation or benefit analysis, workplace investigations, offboarding, and more.