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SuraLinkAdherence 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, while ultimately contributing to the successful delivery of projects and the maintenance of trust between the contractor and the government. BMSS 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. At the same time, we will provide you with 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.
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
Purchasing/CPSR
Our purchasing policy is designed to help clients manage procurement processes efficiently while preparing them for a Compliance Program and System Review (CPSR) audit. The policy includes clear procedures for requisitioning, approving, and purchasing goods and services, ensuring compliance with federal regulations. It defines approval hierarchies, establishes guidelines for selecting and managing vendors, and sets purchasing limits. The policy also includes controls for contract management, invoice approvals, and payment terms. By implementing this policy, clients can ensure transparency, mitigate audit risks, and maintain compliance with government contracting requirements, making them audit-ready for a CPSR.
Accounting Policies
BMSS develops custom accounting policies for our clients. Our accounting policy provides clients with a comprehensive framework for managing financial operations in compliance with regulatory standards. It outlines procedures for recording transactions, managing accounts payable and receivable, and handling financial reporting. The policy ensures consistent application of accounting principles, defines internal controls, and establishes guidelines for budgeting, forecasting, and financial audits. It also covers expense approval processes, asset management, and tax compliance. By implementing this policy, clients can promote financial transparency, accuracy, and accountability, while maintaining compliance with industry regulations and preparing for audits.
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
- For more information, visit our HR page: https://www.bmss.com/service/business-advisory-consulting/hr-advisory-services/
Timekeeping System Policy
BMSS can develop a timekeeping policy for our clients that helps them manage and track work hours efficiently, ensuring accuracy and compliance. The policy outlines the procedures for recording and submitting time, including expectations for timely and accurate reporting. The policy also defines work hours, breaks, and overtime, along with guidelines for handling time-off requests and holiday hours. To streamline operations, we offer digital tools for easy time tracking and provide clear instructions for employees and managers. This policy promotes transparency, efficiency, and accountability in time management, benefiting both employers and their teams.