Redstone Government Consulting Blog (3)

Implementing any new ERP system is no small task. As you probably know, Deltek Costpoint is a complex system. Complex doesn’t have to mean complicated. No need to stress. This is where a strong implementation partner and a strong internal implementation team play an important role. What drives the success of an implementation? Detailed planning, effective communication, training, hands-on testing, data reconciliations, and a commitment by company personnel to see the project through every “first” after go-live.

Topics: Accounting System Compliance, Deltek Costpoint

Government contracting entails unique accounting requirements that go far beyond basic bookkeeping. There are compliance rules, complex cost pools, and sometimes razor-thin margins, which means the stakes are too high for “good enough.” Errors in cost allocation, indirect rates, or contract setup can create audit findings, repayment demands, or unexpected losses, yet hiring an in-house controller or CFO with the right expertise can be costly and difficult to justify for many small and mid-sized firms.

Topics: Accounting System Compliance, Small Business Compliance, Quickbooks, Organizational Change Management Consulting

The federal government has shut down again. It happens. With fiscal year 2025 funding lapsed and in our rearview mirror, how can government contractors mitigate the risk of potential stop-work orders and financial hardship? In this article, we discuss areas to consider not only to mitigate your risk but also to avoid significant financial hardship.

Topics: Contracts & Subcontracts Administration, Government Regulations, REAs, Claims & Terminations

Six months after the Defense Contract Audit Agency (DCAA) made its major reorganization, it made another one: the elimination of its Field Detachment (FD) as a separate entity within DCAA. The Field Detachment was a separate entity within DCAA that handled DCAA’s classified audit work. It was a separate and distinct DCAA entity from the current Land, Air, and Sea Directorates of DCAA.

Topics: Contracts & Subcontracts Administration, DCAA Audit Support, Government Regulations

Just like all other business systems required for federal Government contract work, the Government property system requires compliant policies and procedures for an adequate system determination. While procedures are only a single part of a contractor’s property management system, they are the backbone of how the system should operate.

Topics: Contracts & Subcontracts Administration, DFARS Business Systems, DCAA Audit Support, Government Regulations, Government Property Management, Federal Acquisition Regulation (FAR)

Custom reporting is something that every organization wants, but the investment can be overwhelming. It requires significant resources, including staff time and an administrative budget. Not only does the investment feel like a lot, but it can also be overwhelming just to consider what your organization really needs from a custom reporting environment. Typically, an organization using Unanet would consult a professional specializing in Power BI reporting or Analytics Studio. But does it have to be so complicated and so expensive?

Topics: Accounting System Compliance, Small Business Compliance, DCAA Audit Support, Unanet

If you have any grants or cooperative agreements (i.e., federal awards under 2 CFR 200), you must annually determine whether you must obtain an audit, as required by 2 CFR Subpart F. These are referred to as “Single Audits.” And yes, even if you get audited by the Defense Contract Audit Agency (DCAA) or one of its hired Independent Public Accountants (IPAs) for your FAR-based contract or subcontracts, if you have a grant, you will need a second audit.

Topics: Accounting System Compliance, DFARS Business Systems, DCAA Audit Support, Government Regulations, Grants & Cooperative Agreements (2 CFR 200)

In this final edition of our three-part article series highlighting some lesser-known beneficial Deltek Costpoint Procurement features that manufacturers can reap large benefits from, we will dive into the “Replace” function, the RFQ capabilities, and Alternate Part numbers. Most of these features can benefit more than just manufacturers; however, if you are a manufacturer and unaware of them, you are missing out. Fully utilizing the capabilities contained within these Deltek Costpoint modules will bring efficiency to your business and drive value.

Topics: Contractor Purchasing System Review (CPSR), Deltek Costpoint, Material Management & Accounting System (MMAS), Manufacturing Operations Consulting

Well, of course, The Department of Defense (DOD) can. The three most common situations where DoD requires cost data on a fixed price contract are:

Topics: Proposal Cost Volume Development & Pricing, Contracts & Subcontracts Administration, DFARS Business Systems, Government Regulations, Federal Acquisition Regulation (FAR)

Government contractors deal with a unique set of rules when it comes to expenses. FAR Part 31 lays out the specific guidelines on what you can and cannot charge to the government. If unallowable costs slip through, you could face compliance problems or see expenses disallowed in an audit.

Topics: Accounting System Compliance, Small Business Compliance, Quickbooks, Government Regulations, Federal Acquisition Regulation (FAR)