A. L. Schmidt CPA is a full-service certified public accounting firm located in Centerville, Ohio. The staff of A.L. Schmidt CPA & Associates has been committed to assisting defense contractors in achieving financial success. We truly understand the challenges you face as a governmental contractor. Whether you need QuickBooks consulting, or full-service accounting oversight, we'll provide the level of support that works for you.
Services
As a Federal Government Contractor, you have a very unique set of needs.
In addition to specific performance obligations under your contract, you must also fully understand-and comply with-over 2,000 pages of specialized requirements identified in the FAR.
Non-compliance can result in serious sanctions, penalties, suspension of payments, termination of the contract, and/or ineligibility to receive future government contracts.
Add to that the fact that most Federal Government Contracts are subject to audits performed by the DCAA, and you can begin to see why Federal Government Contractors outsource these concerns to a trusted, qualified partner.
In addition to specific performance obligations under your contract, you must also fully understand-and comply with-over 2,000 pages of specialized requirements identified in the FAR.
Non-compliance can result in serious sanctions, penalties, suspension of payments, termination of the contract, and/or ineligibility to receive future government contracts.
Add to that the fact that most Federal Government Contracts are subject to audits performed by the DCAA, and you can begin to see why Federal Government Contractors outsource these concerns to a trusted, qualified partner.
Are you a contractor requiring a new accounting system that will require assessment for adequacy by the DCAA (Defense Contract Audit Agency)?.
If so, we will establish a chart of accounts to segregate direct costs from indirect costs, set up a labor distribution system for you to track time and create accounts for expenses deemed unallowable per FAR 31.205.
The system will also provide the ability to track the cost and profitability of your contracts.
Typically a combination of QuickBooks and Excel spreadsheets will form the basis of your new accounting system.
If so, we will establish a chart of accounts to segregate direct costs from indirect costs, set up a labor distribution system for you to track time and create accounts for expenses deemed unallowable per FAR 31.205.
The system will also provide the ability to track the cost and profitability of your contracts.
Typically a combination of QuickBooks and Excel spreadsheets will form the basis of your new accounting system.
Our team of experienced industry professionals will read the terms of the RFQ (Request for Quotation) before beginning to formulate the Cost Proposal.
Then our team will help you calculate your indirect cost rates, prepare the cost proposal, advise you on the profit or fee and assist you in negotiating the contract.
If the contract award is a major or multi-year effort, we will work with you to prepare forward pricing rates.
Our government contract accountants have helped to prepare hundreds of proposals.
Then our team will help you calculate your indirect cost rates, prepare the cost proposal, advise you on the profit or fee and assist you in negotiating the contract.
If the contract award is a major or multi-year effort, we will work with you to prepare forward pricing rates.
Our government contract accountants have helped to prepare hundreds of proposals.
If you receive notification that you are being audited by the Defense Contract Audit Agency (DCAA), our team of prior DCAA Auditors and Government Contract Accountants have the extensive knowledge and experience needed to successfully guide your audit.
Our team will perform complete audit representation or simply work behind the scenes while you are being audited.
We have an in-depth understanding of federal regulations which makes us an invaluable partner throughout the process.
The government accounting specialists at Kline & Company will communicate with the DCAA during the audit and will prepare a response to their audit report identifying areas of disagreement and the reasons we do not concur with the government.
Our team will perform complete audit representation or simply work behind the scenes while you are being audited.
We have an in-depth understanding of federal regulations which makes us an invaluable partner throughout the process.
The government accounting specialists at Kline & Company will communicate with the DCAA during the audit and will prepare a response to their audit report identifying areas of disagreement and the reasons we do not concur with the government.
As a small business owner, you have more important things to do than to keep your own books.
We take care of your books for you, so you can get back to the job of running your business and generating profits.
These tasks form the solid foundation of your small business accounting system.
You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.
Reconciling your business checking account each month allows us to keep your bank account, accounting, and taxes up-to-date.
We take care of your books for you, so you can get back to the job of running your business and generating profits.
These tasks form the solid foundation of your small business accounting system.
You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.
Reconciling your business checking account each month allows us to keep your bank account, accounting, and taxes up-to-date.
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