Accounting Systems

One of the keys to successful performance under Government contracts is the development of current, accurate and complete cost data which, in turn, requires the structuring of an accounting system, taking into account the requirements of the various laws and regulations which affect cost and other financial representations related to Government contracts. Leonard G. Birnbaum and Company's experience in this are includes:

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Development and installation of manual and computerized system of cost identification and accumulation, integrated with existing financial accounting systems:
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Job order

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Standard cost

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Process cost

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Combined systems

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Development of indirect cost rate structures tailored to the unique characteristics of the client's operations

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Preparation of financial data submissions required by Government contracts:
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Contract cost data

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Contract financial status reports

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Indirect expense proposals

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Cost of capital data

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Progress payments

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Special data requirements

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Negotiations (settlement of cost submissions)

 

 

Justin Sakofs, Webmaster

justin@lgbirnbaum.com