Government Contractors — FAR & DCAA
Government contractors face accounting and compliance requirements that differ significantly from those of traditional businesses.
We assist government contractors with the development, review and maintenance of accounting systems and procedures designed to meet Federal Acquisition Regulation requirements and prepare for DCAA accounting system reviews.
Our services include:
- FAR compliance consulting
- DCAA accounting system readiness
- QuickBooks configuration for government contractors
- Direct and indirect cost accounting
- Development and review of indirect cost pools
- Indirect rate calculations
- Timekeeping and labor distribution procedures
- Segregation of unallowable costs
- Cost-plus contract accounting
- Billing and cost reporting
- Accounting policies and procedures
- Preparation for DCAA accounting system reviews
- Remediation of accounting system deficiencies
- Ongoing accounting and Virtual CFO support
Our objective is not simply to maintain the accounting records, but to help ensure that the underlying accounting system and procedures support the requirements of your government contracts.