Monthly Archives: October 2015

SBIR Accounting Myth #18: “I have an FFP Contract, I don’t need an adequate accounting system.”

Remember, best practices. Also remember, future work may not be fixed prices. Therefore, if you’re in business awhile and go for a CPFF contract, the government would expect a functioning accounting system as a recurring contractor. Also, being able to … Continue reading

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SBIR Accounting Myth #17: It’s Okay to Wait Until the Last Minute to “Plug” My Indirect Rates into my Proposal

Not a good idea. First of all, plugging the difference between the solicitation limit and your direct costs is gives no indication of what your costs will really be. Second, waiting until last minute doesn’t give you enough time to … Continue reading

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