Federal Management Services - FedFMS - was founded to address the accounting and reporting requirements for small businesses offering services to the federal government. As a government contractor, businesses are obligated to maintain stringent accounting and reporting policies and procedures. The timely completion of these deliverables has a positive influence on a company’s performance in the federal government environment.

FedFMS has focused its efforts towards providing the small business contractor a vehicle to outsource their accounting and reporting obligations. We have designed and developed a software solution that is compatible with several commercially available accounting packages. The client utilizes these accounting packages to handle their routine payroll and accounts payable requirements as well as maintaining their general ledger.

The detail generated by these day-to-day activities is then processed by FedFMS to generate the following:

Financial statements · Billing and supporting documentation · Overhead rate calculations · Job cost reports · Budget analysis · DCAA required reports · Contract backlog and other bank related reports · Company specific reports

The client consequently maintains control over their general ledger while outsourcing accounting matters that have generally been problematic for small businesses to produce in a consistent and timely manner. Timely generation of billing and the distribution of job cost data and indirect rate analysis improves cash flow and provides management information to make sound business decisions.

We believe that the flexibility of our software will enable a wide range of clients the opportunity to benefit from outsourcing their reporting requirements to FedFMS.