Entrepreneurs in the United States see opportunities and are willing and able to take on risk to bring new welfare-enhancing, wealth-generating technologies to the market. Yet, while innovation in areas such as genomics, bioinformatics, and nanotechnology present new opportunities, converting these ideas into innovations for the market involves substantial challenges. The American capacity for innovation can be strengthened by addressing the challenges faced by entrepreneurs. Public-private partnerships are one means to help entrepreneurs bring new ideas to market.
The Small Business Innovation Research (SBIR) program is one of the largest examples of U.S. public-private partnerships. Founded in 1982, the SBIR program was designed to encourage small business to develop new processes and products and to provide quality research in support of the many missions of the U.S. government. By including qualified small businesses in the nation’s R&D (research and development) effort, SBIR grants are intended to stimulate innovative new technologies to help agencies meet the specific research and development needs of the nation in many areas, including health, the environment, and national defense.
Since 2012, BelleVie Accounting has been helping entrepreneurs and companies that received SBIR grants to take control of their finances by providing cloud based accounting, management accounting and controller services.
We understand the SBIR/STTR awardee; their needs, and the requirements they face. Our primary goal is to help the Phase I award winner maximize their ability to win a Phase II award and then help the Phase II awardee by performing numerous tasks such as operating DCAA compliant accounting systems. This allows the award winner to concentrate on their award and what makes them money while we focuses on the SBIR accounting system requirements. We do this by helping control costs by providing just-in-time services on and as-needed basis, so that you will hit the ground running in Phase II.
There are many good CPAs, not all CPAs understand government cost accounting and the nuances and special requirements of doing business with the government. Ask the following questions of any potential CPA that you are considering for your business:
- Do they understand job cost accounting and do they know how to set up and generate reports from such an accounting system?
- Do they understand how to calculate all the indirect rates – fringe, overhead, general and administrative, taking into account the unallowable expenses?
- Can they explain to you with clarity their method of calculating each indirect rate and how to generate a complete project cost proposal?
- Do they understand the subtle dangers of uncompensated overtime and can they help you set up a practice to prevent future problems with Phase II awards?
- Can they help you establish an acceptable time charging system and practice?
QuickBooks® & Xero Systems Design and Integrations
I am Certified Intuit ProAdvisor and Xero Advisor with vast experience using third party applications that integrate with QuickBooks & Xero. Our product specialists will ensure your accounting system is optimized to deliver management reports that help you make data driven decisions to increase profits. We make sure your financial system eliminates double entry and grows alongside your business. This results in lower accounting cost from improved operational efficiencies and more reliable and actionable financial intelligence to help you run your business.