Accounting Services

Corporate Results, Inc. (CRI) experienced and qualified team of accounting professionals are committed to providing the highest quality services to meet the needs of your growing business. CRI’s accounting staff has extensive experience supporting government contractors and complying with government accounting requirements.  We offer secure customized Deltek applications including GCS Premier® and Vision® to manage your accounting and contract data. Our proven best practices improve your accounting processes and ensure real-time, accurate and compliant information to effectively manage your business.

General Ledger and Financial Statements

Setting up your general ledger accounts required careful consideration of government, internal, bank, and tax reporting requirements. Cost plus contracts with the federal government require proper allocation of direct and indirect expenses to the appropriate cost pools. Small businesses often don’t have access to the insightful financial reports that management needs in order to make intelligent business decisions. Banks that provide your business credit will require monthly or quarterly financial reports. Tax preparers require detailed reporting on asset and depreciation expenses, meals and entertainment expenses, charitable contributions, and revenue by state in order to prepare your taxes properly. CRI will:

  • Provide guidance for general ledger account set up that will meet your specific requirements
  • Ensure proper general ledger account flow to your financial statements
  • Prepare a monthly income statement, balance sheet, and statement of cash flows
  • Provide detailed income, expense, and revenue information to your tax preparer
  • Set up multiple indirect rate pools which will help your business become price competitive in any environment

Accounts Payable

Disbursing proper payment from invoices and expense reports in an accurate and consistent manner is essential to vendor, subcontractor, and employee relations. Records retention and proper accounting procedures keep your company DCAA compliant and reduce the risk that DCAA will disallow costs in their annual audit. CRI will:

  • Pick up and process accounts payable vouchers and employee expense reports
  • Recommend weekly disbursements and deliver the checks for your signature
  • Ensure expenses are posted to the proper indirect pools and unallowable expenses are classified properly
  • Maintain records and provide them to DCAA during annual incurred cost audits

Accounts Receivable

Accurate and timely invoicing is essential to every small business to ensure timely receipt of payments needed in order to keep your business running. Government contracts have complex billing and financial reporting requirements that require an experienced team of professionals. CRI will:

  • Prepare, submit to program manager for approval, and issue cost plus, time & material, and fixed price invoices in accordance with the terms and conditions of your contract
  • Deposit paper checks and record cash receipts
  • Review outstanding receivables and contact vendors in arrears
  • Take corrective action on delinquent receivable accounts
  • Utilize Wide Area Workflow (WAWF) to submit electronic invoices
  • Prepare and distribute financial status reports required by contract

Timesheet & Payroll Processing

Labor costs are the largest expense in the government services industry. Proper recording of employees’ time and timely processing of payroll is essential for all small businesses. Electronic timesheets provide management with labor distribution information in a timely manner, improves cash flow, and is preferred by DCAA. Proper state and local jurisdiction registration and payroll deductions are required to ensure all federal, state, and local taxes are paid in an accurate and timely manner. CRI will:

  • Provide access to the electronic Deltek Time & Expense system• Work with DCAA to get your timekeeping system approved
  • Review timesheets to ensure compliance with company policy
  • Work with your employees to ensure timesheets are completed and approved on time
  • Process payroll tax and issue payments
  • Prepare and submit all local, state, and federal payroll reports for proper state and federal tax reporting requirements
  • Provide information to your tax preparer for proper allocation of income on a state level in the state where you are doing business
  • Provide a full service payroll service including direct deposit and pay stub delivery
  • Wage law compliance for multiple jurisdictions
  • Track vacation and sick leave balances
  • Time sold reports every timesheet cycle to track labor trends
  • Process payroll deductions for medical, dental, flex plan, garnishments, etc.

stock photo of keyboard