DCAA Audits

The primary role of the Defense Contract Audit Agency (DCAA) is to conduct audits to help ensure that federal contractors and subcontractors are complying with relevant laws, regulations, and contract terms. If you are pursuing or have a contract with the federal government, you will be subject to various audits before and during your contract […]

The Department of Energy (DOE) has specific accounting and audit requirements for entities receiving contracts, grants, or cooperative agreements. As with all federal contract regulations, these requirements ensure proper financial management and compliance with federal regulations. If you have a contract, grant, or cooperative agreement with the DoE, you may be subject to a periodic

Securing a government contract can be a great way for a small business to expand its market reach. However, one major challenge small businesses face is understanding how to maintain compliance with the Defense Contract Audit Agency (DCAA). Below, we’ll explore what DCAA compliance for small businesses entails and provide some practical tips for small

To ensure that government contractors and subcontractors comply with all applicable laws, regulations, and contract terms, one of the roles of the Defense Contract Audit Agency (DCAA) is to perform a wide range of audits. Different types of DCAA audits occur at different points in the contract term and can include a review of contractors’

If you’re a small business considering or seeking a government contract, there’s one term you’ve undoubtedly come across in your research: DCAA compliance. The DCAA refers to the Defense Contract Audit Agency, an agency of the United States Department of Defense (DoD) that is responsible for performing audits to ensure that government contractors and subcontractors

The competition for government contracts is fierce, so it’s vital that you stay on top of DCAA compliance rules and ensure that your business is operating within the guidelines set by the Defense Contract Audit Agency (DCAA). That way, you’ll always be prepared for the inevitable audits. Whether you just secured your first government contract

By law, businesses with Department of Defense (DoD) contracts must follow stringent government regulations and requirements. To ensure compliance, these government contractors are subject to regular audits conducted by the Defense Contract Audit Agency (DCAA). Part of being prepared for the specific requirements enforced by DCAA audits is utilizing DCAA-compliant accounting software. QuickBooks Online is

Attracting new customers and keeping old ones is one of the most essential functions of any business, small or large. Most small business owners know what their existing and potential customer base is, and are looking for smart ways to grow that base. But what many small business owners may not realize is that they

Incurred cost submissions refers to the process by which government contractors submit their actual costs incurred during a specific accounting period to the Defense Contract Audit Agency (DCAA) for review and audit. These costs can include items ranging from labor and material costs to overhead and general and administrative expenses. The purpose of the submission

While a DCAA audit can seem intimidating at first glance, you can take several steps beforehand to prepare for the audit and ensure that the process goes smoothly. If you structure your business to remain compliant with the DCAA’s requirements — reviewing your work processes, staffing, accounting, timekeeping, and more — you can virtually eliminate