This virtual classroom explains how to manage your SBIR/STTR grant or contract to improve your odds of moving from Phase I to Phase II, and Phase II to Phase III (transition and/or commercialization). This session will demonstrate setting up a chart of accounts, how to add an account, entering transactions, payroll entries, and creating reports to aid in the management of the company and your SBIR/STTR award.
Whether you are anticipating a government grant or contract, it is imperative that you are able to manage the funds received. Understanding the fundamentals necessary to manage your government dollars is key to organizing your business for success and proving your credibility for future funding.
Kris is a Managing Partner and co-owner of BBC Entrepreneurial Training & Consulting. Prior to purchasing the company in October 2016, Kris was Principal Consultant for Grants and Contracts Management, having joined BBCetc in 2000. In addition to BBCetc’s financial and business management, Kris assists clients in preparing to receive and manage federal grant and contract funds. This includes advice on financial policies and procedures, DCAA compliance, budget development, indirect cost negotiation, Just-in-Time response, using QuickBooks and preparing for government audits. Prior to joining BBCetc she owned and operated two different service startups before becoming the Global Sales Administrator or a major software development company.
Do you know about Michigan’s SBIR/STTR Assistance Program? The Michigan SBIR/STTR Assistance Program provides SBIR/STTR training and proposal development services to technology companies with most costs covered by a state grant. The program is managed by BBCetc.