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Managed Accounting Services

CRI's accounting team helps growing businesses by offering the support and expertise they need to operate at their best. Our managed accounting experts possess a wealth of experience in assisting government contractors and adhering to government contract accounting regulations. Collaborating with CRI guarantees comprehensive accounting lifecycle assistance for your organization, encompassing financial consulting, audit assistance, financial reports/statements, and beyond.

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As an outsourced accounting firm specializing in government contracting, CRI accountants support the unique needs that contractors have. From FAR, DCAA, DCMA, and CAS Compliance and audit support, to project-based setup and much more. Our outsourced bookkeeping services give you the confidence you want when doing business with the federal government. We also provide tailor-made software applications, giving you unmatched security and support throughout the accounting lifecycle.

CRI Accounting Lifecycle

 

Our proven methodologies improve your bookkeeping and accounting processes, ensuring accurate, compliant, and timely data for effective business administration.

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Our Managed Accounting Services

We provide precise and transparent recording and organizing of your financial transactions. Our services ensure meticulous documentation and accuracy to meet compliance and audit needs. As an authorized Deltek Pro™ Bookkeeper we also specialize in optimizing your business systems. This allows you to manage your bookkeeping needs more effectively and efficiently.

Cash Management

We help optimize working capital, monitor receivables, and utilize financial tools to maintain a healthy cash position. Our team is well versed in government payment cycles and implementing effective cash management practices. This helps to ensure financial stability and meet operating needs.

Voucher Processing

We support timely and precise voucher processing to facilitate smooth financial transactions, adhere to regulatory standards, and maintain positive relationships with government entities. Our services include the review, approval, and submission of payment requests, while verifying the accuracy and compliance of invoices.

DCAA Audit Support

We provide assistance and preparation for audits conducted by the Defense Contract Audit Agency (DCAA). This includes providing comprehensive documentation showing compliance with government regulations. DCAA audit support is essential for government contractors seeking to maintain financial responsibility and contract eligability.

General Ledger Setup and Maintenence

Our accounting experts establish a structured accounting framework designed to record financial transactions related to government contracts. This includes configuring the general ledger (GL) to accommodate the unique requirements of government accounting. Regular maintenance involves reconciling accounts, updating cost allocations, and ensuring accurate financial reporting.

Support Multiple P&L Levels

We support multiple Profit and Loss (P&L) levels for government contractors. This allows contractors to analyze and report on the profitability of contracts, task orders, or business segments. The ability to support multiple P&L levels helps government contractors gain detailed insights into their financial performance.

Bank Reconciliation

We compare and reconcile internal financial records with bank statements to ensure accuracy and identify discrepancies. Our services include matching transactions, such as deposits and withdrawals, and addressing any variances. Bank reconciliation support is crucial for detecting errors, preventing fraud, and maintaining compliance.

Travel & Expense Reporting

We provide travel & expense reporting support to ensure your travel related expenses comply with government regulations and contract requirements. This includes documenting and reporting transportation, lodging, meal, and other travel expenses, and ensuring adherence to specified guidelines.

Credit Card Reconciliations

Our team manages credit card reconciliations, carefully matching and verifying credit card transactions with corresponding receipts and invoices. This process ensures accuracy and compliance in financial records. It also provides the ability to track and allocate expenses to specific projects or contracts.

Deltek Costpoint is a comprehensive enterprise resource planning (ERP) solution designed specifically for government contractors. We provide consulting, training, implementations, and much more, ensuring your systems are optimizing the way you do business.

QuickBooks

QuickBooks is a widely used accounting software that is popular among small to mid-sized organizations. We can help optimize your system and improve your processes. If you are looking for a more robust platform we can provide insights into your options and support your migration.

Accounts Receivable & Collections Management

We ensure accurate and compliant invoicing and tracking of funds to keep you financially stable. CRI accountants employ strategies to optimize cash flow while navigating timelines, payment delays, and security.

Accounts Payable

Efficient accounts payable processes are crucial for maintaining positive vendor relationships and upholding financial integrity in the government contracting environment. We help you manage and track funds owed to vendors as well as adhere to payment terms and reporting requirements.

Unbilled Analysis

We examine uninvoiced project costs ensuring accuracy and compliance. This helps maintain financial transparency, optimize cash flow, and resolve any discrepancies in the invoicing process. 

FAR Audit Support

We provide support for audits conducted under the Federal Acquisition Regulation (FAR). This involves documentation and adherence to FAR guidelines to ensure contractors comply with federal acquisition policies. FAR audit support helps government contractors uphold transparency, adhere to regulations, and back the integrity of their financial practices. 

CAS Compliance

We provide Cost Accounting Standards (CAS) compliance support that ensures consistency and transparency in cost accounting practices. We help implement and maintain compliant accounting systems to accurately allocate costs and provide reliable financial data. This ensures you are meeting regulatory requirements, avoiding penalties, and fostering trust with government agencies.

Monthly Financial Statements

We provide monthly financial statements that give you a snapshot of your firm's financial performance and position. Through income statements, balance sheets, and cashflow statements, we offer monthly insights into revenue, expenses, assets, and liabilities.

Personal Property Tax

Our personal property tax services involve the assessment and payment of taxes on tangible assets. We accurately inventory and report assets to local tax authorities, ensuring compliance with local tax regulations.

Bank Reports

Our services provide detailed insights into financial transactions, balances, and cash flow to help contractors monitor their financial health. These reports include financial information on deposits, withdrawals, and account balances, promoting effective cash management and decision-making

Business License

We help obtain and maintain your business license, making sure it meets the necessary requirements to operate legally. Our services ensure compliance with local, state, and federal licensing requirements.

Services Center Allocations

We provide support for distributing costs incurred by centralized services departments to various projects or business units. This process ensures that indirect costs are appropriately shared among different cost centers, often based on predetermined allocation methods.

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