312-422-1111 ibioadmin@ibio.org

july, 2019

24jul10:00 AM5:00 PMSBIR Bootcamp: Applying, Accounting, and Reporting

Event Details

Application Process (10:00 – 11:30 am)

After working with many nationwide small business government contractors over the past decade, we have come to one conclusion: government contractors get off on the wrong foot, and spend thousands of dollars to address the need at without necessarily leaving you with a sustainable, compliant accounting system for contract administration and indirect rate reporting. As a result, we have developed solutions that help you gain an understanding of what is needed to comply with the financial recordkeeping and reporting requirements of your federal award, or the federal award you are applying for.

This session will walk through the application process including the preparation of your budget for the solicitation, how to determine your indirect rates, and how to build out your accounting system to meet the requirements of the agency that you are trying to work with.

Lunch Discussion and Q&A (11:30 am – 12:30 pm)

Lunch will be a working session responding to questions based on the morning workshop.

Government Recordkeeping & Reporting (1:00 – 2:30 pm)

The is a two-hour session provides an overview of receiving awards from the federal government. This session will focus primarily on understanding the importance and requirements related to grant recordkeeping and reporting. The requirements of an adequate accounting system will be discussed, as well as a series of takeaways, to avoid the typical, costly mistakes most firms make when proposing, tracking, and reporting on federal awards. The session provides an overview of the following topics.

  • Adequacy of Accounting Systems
  • Chart of Accounts
  • Labor Distribution and Timekeeping
  • Vendor Payments and Expense Reports
  • Billings
  • Budget preparation
  • Indirect rate pools
  • Base Calculations
  • Management and Reporting
  • Audit Requirements

This goes beyond the adequacy of the accounting system, and into the more complex, cash-flow drivers of your organization. The takeaways include having a portfolio of grants to manage operations, budgets that reflect reality, and maximizing cost-recovery based on your program.

Advanced Q&A (2:30 – 3 pm)

Immediately following Advanced, there will be a Q & A session.

1 on 1 Sessions (3 – 5 pm)

One on one sessions available to book with George to get more insight.

 

Time

(Wednesday) 10:00 AM - 5:00 PM CST

Location

Polsky Exchange

1452 E 53rd St, 2nd Floor

Organizer

Polsky Center for Entrepeneurship and Innovation

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