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SBIR Accounting Phase 1 Survival Kit - Jameson & Company

Government contracts and grants demand FAR-compliant accounting. This white paper will give you all the basic information you need to navigate the rules and regulations, set up a compliant accounting system, and avoid trouble.
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Jameson Phase 1 SBIR Accounting Survival Kit

Congratulations On Your Small Business Innovation Research Funding Award

When you receive Phase I SBIR /STTR funding, you’re not getting free money. The National Institutes of Health, Department of Energy, Department of Defense, and National Science Foundation expect you to meticulously track your spending in compliance with Federal Acquisition Regulations (FAR Part 31).

Step 1 of the Jameson Phase 1 SBIR Accounting Survival Kit: your start-up received funding

Step 1. Your start-up received government funding from the NIH, DOD, DOE or NSF.

Step 2 of the Jameson Phase 1 SBIR Accounting Survival Kit: subscribe to QuickBooks Online

Step 2. You subscribe to QuickBooks Online
(QBO), but it doesn’t produce two key reports you need.

Step 3 of the Jameson Phase 1 SBIR Accounting Survival Kit: government wants job cost report and indirect rate calculation

Step 3. The government wants:
1) Job Cost Report
2) Indirect Rate Calculation



You Need an Inexpensive Way to Make QBO Compliant – $2,499

With over 40 years performing government contract and grant accounting including SBIR accounting services, with clients from coast-to-coast, and over $6 billion in awards managed, Jameson knows the funding agencies and regulations—and how to help our small business innovation clients avoid the pitfalls.

SBIR accounting step 4: set up your QBO to be FAR Part 31 compliant

Step 4. We teach you how to set up your QBO to be FAR Part 31 compliant and DCAA compliant, so you’re confident you’ll pass a Defense Contract Audit Agency pre-award survey!

SBIR accounting step 5: video training and access to Jameson’s Phase 1 library

Step 5. You get video training on how to use your system properly and access to Jameson’s DCAA approved accounting system.

SBIR accounting step 6: produce Job Cost Report and Indirect Rate Calculation

Step 6. Confidently produce financial statements – including your Job Cost Report and calculate Indirect Rates to ensure you’re meeting the reporting requirements needed to progress your grant or contract to a Phase II award.  



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Get the Jameson SBIR Phase 1 Accounting Survival Course today.

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Ed Jameson, CPA, Managing Partner

I’ve been in practice for over 40 years helping our small business clients procure, manage, and survive audits on more than $6 billion in federal government contract and grant funding. We’ve been featured presenters and panel moderators at Tech Connect’s National SBIR/STTR conferences since 2010, and I’ve presented at the DOD’s Mentor Protégé Summit and present regularly for several state and local organizations.


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