Accounting for SCA Contracts

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=bv35fcLNJDU

Service Contract Act (SCA) contracts introduce a new layer of complexity and reporting to government contracts. Contractors must consider adjustments to the indirect rate structure such as a separate fringe pool or onsite and offsite overhead pools. Wage determinations instruct contractors on the minimum wages and fringe benefits required including the option for wages in lieu of benefits - a cash payment that is often miscalculated and posted to the incorrect GL account. We'll show you the mechanics of a different indirect rate structure as well as the proper treatment of wages in lieu - two items that will affect your pricing, profitability, and competitiveness. All attendees will receive our free advanced indirect rate template. • Learning Objectives • 1. Identify key SCA contract accounting requirements. • 2. Explain the creation of different or additional indirect rate pools. • 3. Describe the proper treatment of wages in lieu and its impact on indirect rates. • Download the slide deck: • https://www.slideshare.net/RobertEJon... • https://www.leftbrainpro.com/ • #GovCon #GovConAccounting #GovConSCAContracts #ServiceContractAct #SCA #SCACompliance #WageDeterminations #FringeBenefits #WageRates #Payroll #LaborCharging #AllowableCompensation #SCAFringes #SCAPensions #SCAHealthandWelfare #FARCompliance #DOLCompliance #SCALaborCategories #SCAPricing #BidEstimating #BurdenedLaborRates #LaborAudits #Overtime #DavisBaconAct #CertifiedPayrollReports

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