Accounting Operations Services

IBC provides accounting services by processing and certifying client transactions, preparing financial statements, preparing and submitting required financial reports and assisting in the establishment and compliance with financial management policies, laws and regulations. Customers have the option of selecting from an array of finance-related services.

We deliver accounting operations services in a SSAE and A-123 compliant environment. 

Financial Statement Preparation and Reporting

We prepare all required CFO-compliant Financial Statements including the accompanying footnotes and supplemental information and submit within established due dates. We also reconcile data contained in the Financial Statements to the accounting systems.

All reporting is in strict accordance with U.S. Treasury, Office of Management and Budget, General Accounting Office, Financial Accounting Standards and Advisory Board, and Department rules and regulations. 

General Accounting

We perform all appropriated, reimbursable, and trust accounting functions; payroll liaison functions, reconciliations with Treasury; and all general ledger reconciliations. We also provide comprehensive internal reviews in the areas of finance, property and physical property inventories.

Financial Transactions Processing

Wee audit, certify, and schedule vouchers for payment for client agencies.

Accounts Payable

Services under vendor payment include processing vendor payment requests, award updates, adjustments, and recipient expenditure data; correcting data rejected by the financial system; and overseeing the federal payment process in accordance with Treasury standards for Statement of Differences.

Permanent Change of Station (PCS) Payment

As part of performing relocation services, we determine entitlements, compute advances, pay vouchers, audit selected sample of vouchers, monitor outstanding advances, and certify client agency travel payments with Treasury.

We provide auditing of Permanent Change of Station (PCS) vouchers and U.S. Government Bill of Lading (GBL) invoices and PCS coordination, which include counseling of transferring employees, making arrangements for shipment of household goods and vehicles, issuance of travel authorizations and travel advances, reporting of taxable income, calculation of Relocation Income Tax Allowance (RITA) vouchers.

Temporary Duty (TDY) Payment

Under TDY payments, we determine entitlements, compute advances, pay vouchers, audit a selected sample of vouchers, monitor outstanding advances, and certify client agency travel payments with Treasury. We respond to and resolve vendor and traveler questions concerning payments. In addition, we support desk functions for eTravel systems, such as ConcurGov and E2 Solutions.

Grant/Federal Payments

Our menu of services includes grant processing and other federal payment requests. In addition, we also administer the following payment programs: travel, third party payment system, IMPAC card and other credit cards.

Billings & Collections

We prepare and input all invoices/billing documents into the accounting systems. Collections can be received from a variety of sources, including Fedwire, Pay.gov, lockbox, cash/checks locally received and credit card.

Debt Management

We manage all delinquent debt in accordance with the Debt Collection Improvement Act and other OMB/Treasury guidance; this includes dunning notices and referral to Treasury for cross-servicing. We perform periodic review and comparison of unliquidated obligations and accounts payable documents against accounting reports to ensure correctness of balances.

For additional information, contact us.

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