A (SBP) is a critical component of government contracting, designed to promote the inclusion and participation of small businesses in federal projects. It outlines the goals, strategies, and reporting mechanisms for subcontracting work to small businesses, ensuring regulatory Compliance and supporting economic growth within the small business sector.
This 3-part video series serves as a step-by-step guide to help you effectively use the SBP feature to setup and manage your small business goals.
Part 1
Learn how to set up contract-level goals and automatically generate period-level goals from them.
Part 2
Learn how to manually create period-level goals, clone goals from an existing Period of Performance (POP), and show how these goals roll up to contract-level goals for consolidated and efficient tracking.
Part 3
Learn how to switch between payment basis and commitment basis accounting methods, allowing you to tailor your reporting based on your organization’s preferred financial tracking model.