SBIR Accounting Services Tailored for Success
Expert Government-Compliant Accounting Solutions
Team 80 understands the challenges awardees face regarding the SBIR programs.
Navigating SBIR programs can be complex, but Team 80 makes it simple. With our specialized accounting services, we ensure your business meets all federal requirements while maximizing profitability.
“I used to spend many hours a week doing the accounting myself. Once my company got a federal grant, it quickly became overwhelming. With Team 80, I can now trust that my company’s books are compliant with our granting agency’s requirements, and I can focus my time on the R&D work.”
– John Osborne | MediCollector
The last SBIR accounting system decision you will have to make is signing up with Team 80.
SBIR Accounting Pricing
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Installation of cloud-based government-compliant accounting system
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Standardized chart of account setup suitable for both Phase I and Phase II
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Time tracking system integrated with the accounting system
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Payroll system setup
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Monthly review of financial statements
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Review of the tax and business efficiency of your legal structure
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Dedicated Accountant
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Accounts Payable
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Invoicing the government
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Monthly financial review meeting
*Monthly Rate includes Services & Software, including
Quickbooks Software
Bill.com Accounts Payable/Bill Payment Software
Gusto Payroll Software
Why Choose Team 80 for SBIR Accounting?
Ensure your business is government compliant with Team 80’s expert services. Trust us to make your business audit-ready.
Comprehensive Solutions
From initial setup to audit support, we offer a holistic suite of services tailored to meet every requirement of SBIR Grants.
Affordable Pricing
Clear, competitive pricing starting at $1,000/month, including software like QuickBooks, Bill.com, and Gusto Payroll. No hidden fees, exceptional value.
Industry Expertise
Our 20 years of experience spans significant government agencies, including DoD, NIH, and NSF, providing specialized insights into the unique nuances of each.
Comprehensive, Cloud-Based Solutions
Our cloud-based accounting is an indispensable tool to help business owners run operations from anywhere on the planet – at any time.
We’ve done the hard work of bundling applications and services into a complete accounting system, so you don’t have to worry about anything.
“Team 80 has been a life saver, everyone I have worked with is very diligent, knowledgeable, and most importantly pays attention to detail! My experience with them managing commercial and government contracts has been seamless to the point where I have full trust in Team 80 to make Ateios Systems ready for any audit that may come our way.”
– Carlos Munoz – COO/Founder | Ateios Systems
Operate your business with confidence from anywhere, at any time. Team 80 bundles essential accounting services into a single, streamlined system, so you can focus on growth.
- End-to-End Payroll Management
- Seamless Accounts Payable & Receivable
- Strategic Cash Flow Management
- Monthly Financial Reporting
- Chief Accounting Officer (Controller Level)
- Sales Tax Compliance & Filing
- Detailed Employee Expense Reporting
Meeting SBIR Accounting Requirements with Ease
Full Compliance, No Hassle
Federal SBIR and STTR programs have stringent accounting requirements. Team 80 simplifies compliance by ensuring:
- Direct and indirect costs are clearly separated.
- All costs are transparently identified and justified.
- Expenses are managed via a robust general ledger.
- A reliable timekeeping system is in place.
- Labor costs are accurately distributed and reported.
- Regular interim cost determinations are conducted.
- Unallowable costs are effectively excluded.
See How We Help You Meet Your SBIR Accounting Requirements
Understanding SBIR/STTR Contract Types
- Firm-Fixed Price (FFP) Contracts
Typically used in Phase I, FFP contracts involve a set price that remains unchanged, even if unexpected costs arise. The risk lies with the small business, but Team 80 provides the financial clarity needed to manage this.
- Cost-Plus Fixed Fee (CPFF) Contracts
Phase II often involves CPFF contracts, where the government reimburses allowable costs. These contracts require meticulous accounting and compliance, which Team 80 expertly handles.
Timekeeping Systems: A Non-Negotiable Requirement
- Accurate Timekeeping, Simplified:Every employee, from executives to entry-level staff, must keep detailed timesheets. Team 80 ensures your timekeeping system is compliant, making it easy to track and report employee labor across all projects.
Essential SBIR Documentation: Standard Form 425
- Federal Financial Reporting, Made Easy:The SF-425 is crucial for reporting your SBIR/STTR project’s financial progress. Team 80 takes the guesswork out of this process, ensuring timely and accurate submissions.
Smart Budgeting for SBIR Awards
Categorizing Costs for Compliance
Effective budgeting is key to maintaining compliance. Team 80 helps you categorize expenses correctly:
- Direct Costs: Specific to project work, including labor, materials, and travel.
- Indirect Costs: Supportive expenses, capped at 40% of direct costs, covering overhead like rent and administrative fees.
- Unallowable Costs: Expenses that the government won’t reimburse, such as fines, taxes, and non-essential travel.
Our Business Partners
TRUSTED CUTTING-EDGE TECHNOLOGY
The cloud has revolutionized every aspect of business, including back office accounting systems. With Team 80, you can leverage cloud technology to ensure your accounting practices meet DCAA standards today and in the future. Our suite of integrated, cloud-based software is designed to maintain DCAA compliance while enabling us to manage your back office operations from anywhere in the world.
