PROVEN FAR PART 31 ACCOUNTING COMPLIANCE

We’ve worked with every agency for over 40 years, and have an excellent reputation with DCAA, DFAS & the IG.

WHAT IS FAR 52.216-7 – THE ALLOWABLE COST CLAUSE?

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If FAR 52.216-7* is embedded in the terms and conditions of your award, it means you’ve received a cost-reimbursable award*. As a result, award recipients are obligated to maintain project cost accounting records for billing and reporting purposes in accordance with FAR* Part 31, as well as the unique supplemental regulations published by each agency. Recipients will be subject to government audit after the money is spent.

KEEP YOUR GOVERNMENT GRANT & CONTRACT ACCOUNTING COMPLIANT

Put Our Certified Public Accountants To Work For You

DOD

Department of Defense (DOD)

DOD awards come with Defense Contract Audit Agency (DCAA) Audit oversight. This means strict compliance with the FAR* and DFAR regulations. Good thing you have Jameson CPAs on your side.

NIH

National Institutes of Health (NIH)

NIH funding is subject to the NIH Grants Policy Statement, including quarterly SF-425 reporting, Uniform Guidance and DFAS* Audits. With Jameson on board, you can focus on your business.

DOE

Department of Energy (DOE)

A financial award from the DOE means innovation and advancement. It also means annual audits. Whether it’s an ARPA-E*, EERE, or other funding source, with Jameson CPAs you’ll be ready.

NSF

National Science Foundation (NSF)

Today, the agency uses an annual budget of $8.3 billion (FY 2020) to initiate and support scientific and engineering research, issuing approximately 12,000 grants a year for an average duration of three years.

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Our clients trust us to act as their government accounting department because we see their business activity in three dimensions, understanding the financial impact as it relates to:

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    Financial Statements

    The true economic effect and the effect on cash flow.

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    Income TAX Returns

    The real overall cost including the tax impact.

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    Government Cost Recovery

    The ability to recover your expenses in accordance with the FAR, CAS and specific Agency supplemental regulations.

READY TO GET STARTED?

Whether you’re new to the world of government funding or have multiple Federal grants and contracts, we can help you!