18 min
Navigating the SBA 8(a) Business Development Program - Accounting Best Practices Cherry Bekaert: Government Contractors Guidance
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- Management
In this episode of Cherry Bekaert’s GovCon Podcast series on the Small Business Administration’s (SBA) 8(a) Business Development Program, Brynn McNeil and Craig Hunter, assurance partners in Cherry Bekaert’s Government Contracting Industry practice, discuss accounting best practices for 8(a) companies. Listen to find out about:
Setting up an accounting system to segregate costsChart of AccountsIndirect ratesReporting functionality for:Contract revenue summary by contractShowing cumulative revenueAnnual revenueDirect costsImportance of month end reconciliations of balance sheet account Recent accounting pronouncements that impact accounting ASC 505ASC 842What to consider when selecting an accounting system Accounting department general housekeeping best practicesCherry Bekaert’s team of government contracting consultants have extensive experience in navigating the SBA 8(a) Business Development Program and can assist your business with accounting best practices. If you have any questions specific to your situation, our GovCon consultants are available to discuss your situation with you. Contact us.
If you haven’t already, catch up on other episodes in our podcast series discussing various aspects of the Small Business Administration’s (SBA) 8(a) Business Development Program:
The SBA 8(a) Business Development Program – What Is It and What Are the Requirements?The SBA 8(a) Business Development Program Application Process and RequirementsWhat Are the Compliance Requirements for 8(a) Certified Companies?Winning an SBA 8(a) Sole Source Award Contract – What’s Involved and What to KnowWinning an 8(a) Competitive ContractSmall Business Administration (SBA) Mentor-Protégé ProgramSBA Mentor-Protégé & Joint Venture Arrangements – Important Elements of the AgreementThe lifecycle of an 8(a) CompanyOIG Report: SBA’s Business Development Assistance to 8(a) Program ParticipantsContract Performance After the SBA 8(a) Business Development ProgramView all Government Contracting Podcasts
In this episode of Cherry Bekaert’s GovCon Podcast series on the Small Business Administration’s (SBA) 8(a) Business Development Program, Brynn McNeil and Craig Hunter, assurance partners in Cherry Bekaert’s Government Contracting Industry practice, discuss accounting best practices for 8(a) companies. Listen to find out about:
Setting up an accounting system to segregate costsChart of AccountsIndirect ratesReporting functionality for:Contract revenue summary by contractShowing cumulative revenueAnnual revenueDirect costsImportance of month end reconciliations of balance sheet account Recent accounting pronouncements that impact accounting ASC 505ASC 842What to consider when selecting an accounting system Accounting department general housekeeping best practicesCherry Bekaert’s team of government contracting consultants have extensive experience in navigating the SBA 8(a) Business Development Program and can assist your business with accounting best practices. If you have any questions specific to your situation, our GovCon consultants are available to discuss your situation with you. Contact us.
If you haven’t already, catch up on other episodes in our podcast series discussing various aspects of the Small Business Administration’s (SBA) 8(a) Business Development Program:
The SBA 8(a) Business Development Program – What Is It and What Are the Requirements?The SBA 8(a) Business Development Program Application Process and RequirementsWhat Are the Compliance Requirements for 8(a) Certified Companies?Winning an SBA 8(a) Sole Source Award Contract – What’s Involved and What to KnowWinning an 8(a) Competitive ContractSmall Business Administration (SBA) Mentor-Protégé ProgramSBA Mentor-Protégé & Joint Venture Arrangements – Important Elements of the AgreementThe lifecycle of an 8(a) CompanyOIG Report: SBA’s Business Development Assistance to 8(a) Program ParticipantsContract Performance After the SBA 8(a) Business Development ProgramView all Government Contracting Podcasts
18 min