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If significant system deficiencies are identified and not corrected, the DoD can impose substantial consequences, such as withholding a percentage of payment or deeming a contractor ineligible to submit bids. Table of Contents: What Are the Requirements for an Adequate AccountingSystem?
Previously, their accountingsystems were completely outsourced, taking 60 days (sometimes more) to see a financial statement. Not only this, but with Accounting Seed we can change that data view and format into the way the funder wants to see it.
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