FAR Part 31 Accounting
An SBIR funding award requires FAR Part 31 compliance, in the form of an SBIR-compliant accounting system, detailed record-keeping and reporting and being audit-ready.
To make sure you’re checking all the boxes, download our “43 Steps to FAR Part 31 Compliance” checklist, which includes informative sections on:
- ongoing cash management
- time sheet and employee resources planning and management
- contract and grant management
- indirect cost rate monitoring
- and more
It also details which tasks can be completed by a competent, well-trained administration person, a degree accountant, or a FAR Part 31 specialist.