The McKelvey Group’s finance and accounting service goes beyond data inputs and reporting. We educate and inform, explaining the why behind our processes and recommendations.
Our main accounting options are: Customized Commercial Accounting, Customized Government Accounting, and our GovAcct© Packaged Compliant Accounting. We also offer CFO Advisory Services.
Whether you want customized or standard services, full time, part-time, or project-based, on site or remote services, we have a flexible solution that’s right for your company.
“The McKelvey Group has been an invaluable source of expertise and leadership since our earliest beginnings. In addition to being a constant amidst our changing needs, The McKelvey Group has always given us larger industry insight and ways we can constantly improve and innovate from within as opposed to doing what we have always done. This has been instrumental in the enormous growth and success we have achieved in our years of partnership together.”
Jack Harrington, CEO, Research Innovations
“For more than a decade, TMG has been by our side as a trusted partner and expert. The growth-enabling advisory expertise, comprehensive accounting support, and knowledge their team delivered were critical drivers of our quick success. With accounting no longer a daily concern, our leadership team can focus on our company growth goals, and fully leave the accounting to TMG!”
Steven Castellano, Vice President, Votenet DBA eBallot
"With The McKelvey Group, we successfully passed our audit and have since fully-outsourced our accounting operations to their team. The established accounting procedures have been accepted over the years by many government agencies”
Robert Graybill, CEO, Nimbis Services
“The McKelvey Group established compliant accounting procedures and provided dependable, daily accounting support for our active non-profit organization. Their ability to carry the load allowed us to focus on our mission to do what we do best. I highly recommend TMG to any organization looking to outsource their accounting operations.”
John Thompson, Executive Director, National Animal Care & Control Association
GAAP Compliant, Tailored to Your Needs
Most managers in small and mid-sized companies struggle with spending too much time on accounting administration and not enough on growing their business. Our team has helped businesses of all sizes, in various industries with their accounting operations. Our tailored solutions range from basic advisory services on streamlining finance and accounting processes to fully outsourcing these functions.
Our team approach eliminates the potential for a single point of failure. All clients have a primary F&A lead based on the scope of work, a backup F&A professional, and reach-back access to all TMG F&A personnel.
Whether you have an existing bookkeeper simply seeking an external assessment of your financials, or are looking to outsource part or all of your accounting operations, our team of experts can help get your books closed more effectively while ensuring GAAP compliance and all other regulatory requirements.
FAR & CAS Compliant, Tailored to Your Needs
Accounting in Government contracting has strict regulations that far exceed those of GAAP. Government contractors need to have policies and procedures in place to ensure FAR, Defense Contract Audit Agency (DCAA), and Cost Accounting Standards (CAS) compliance. Without an adequate accounting system, a business severely limits its opportunities and it risks receiving poor performance reviews, rejected invoices, Government claims, contract terminations, or even fraud charges. In addition, contractors without adequate accounting systems risk a lack of access to win new work, key proposal teams, as well as limiting the procurement they can pursue.
Our team has years of Federal government contractor accounting experience. Whether your company needs a review of your existing processes to ensure accuracy and compliance with the FAR and CAS, or you need to completely restructure your accounting system in preparation for a DCAA audit, our team can help. In addition to our general accounting support, our services for government contractors include chart of accounts development to ensure proper segregation of direct from indirect costs, labor distributions, indirect rate calculations, job costing, provisional rate development, incurred cost submissions, policies and procedures manuals, and mock audits. We offer customized solutions to meet your company’s needs so that you can focus on optimizing performance on your existing contracts and winning new bids.
Packaged Solution, Auditable Day 1
For small Government contractors, spending the time and money on building a fully compliant accounting system is usually a low priority. Unfortunately, ALL contractors are required to have a fully compliant system as soon as they have their first award. This is a certification every contractor makes in every proposal they respond to, and every invoice they submit. And eventually, the Government will ask the contractor to prove it via an audit. An audit can be initiated at any time, with little notice. No accounting system can be made compliant after an audit is initiated. So, every contractor must be proactive. But once again, the cost in dollars, time, and personnel can be daunting for small contractors. TMG has the solution.
Any Government contractor can purchase TMG’s GovAcct© service and be fully compliant within 30 days. Managers can then keep their focus entirely set on contract acquisition and operations. And when a contractor grows large enough to bring this solution in house, all documentation, transactions, systems, and historical compliance will be transferred.
Strategic Counsel, On Demand
Our team of experienced consultants includes former CFOs and Controllers who have managed accounting teams of one to hundreds supporting organizations with annual revenue of between $1M and $500M. Our consultants can support your organization as an interim Chief Financial Officer.
Do you want to:
As either a part-time or project-based resource, a CFO can help guide your accounting team to improve operations through best-practices, formal documentation, and systematic process improvement. We can fill the gap in your Finance & Accounting department until your organization grows to the point where a full-time hire makes the most economic and managerial sense – all the while improving your cash flow and profitability.
Our accounting services include customized solutions tailored to your needs and GovAcct©, our standard solution that includes all core services. Available services can be added if requested.
|Accounting Software Hosting||Available||Available|
|Accounting Payable & Accounts Receivable||Available||Available|
|Bank and Credit Card Reconciliations||Available||Available|
|Controller and/or CFO Advisory Services||Available||Available||Available|
|Coordination with Client CPA||Available||Available||Available|
|Customized Customer Invoicing||Available||Available||Available|
|DCAA/Audits Compliant Accounting System||N/A||Available|
|Forward Pricing/Provisional Rate Proposals||N/A||Available||Available|
|Incurred Cost Submissions||N/A||Available||Available|
|Indirect Rate Reporting||Available||Available|
|Month-End and Year-End Journal Entries||Available||Available|
|Monthly Reporting Pack||Available||Available|
|Other Customized Service (per client)||Available||Available||Available|
|Policies & Procedures Manual Maintenance||Available||Available|
|Times & Expense Systems Maintenance||Available||Available|