Government Contracts

All government contractors must adhere to strict standards set forth by the Defense Contract Audit Agency (DCAA). The DCAA regularly performs audits to ensure that government contractors comply with these standards. In order to pass these audits, it is critical that government contractors use accounting systems that can be set up with DCAA compliance in […]

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Are you a small business owner or entrepreneur looking to expand your customer base? The U.S. federal government may be the place to look. That’s because the U.S. government is the largest purchaser of goods and services across the globe. Securing a contract with the government can be a smart way to expand both your

One crucial aspect of government contracting is the preparation and submission of incurred cost proposals. Whether you’re a new, current, or potential government contractor, understanding how to complete and submit these proposals is essential. Below, we’ll address frequently asked questions about the incurred cost proposal process, equipping you to navigate it successfully.

Businesses that work with the federal government must meet a wide range of strict requirements in order to win and keep government contracts. The complexity of the many laws and regulations that accompany government contracts can be daunting, but with the right support, it doesn’t have to be. Once you’ve learned the ropes, you’ll be

The Defense Contract Audit Agency (DCAA) has specific requirements for accounting and accounting software for government contractors. These requirements are designed to ensure that government contracts are administered in a transparent, accurate, and accountable manner. To pass audits and follow DCAA regulations, it is critical that government contractors use accounting software that can be set

For small businesses that contract with the federal government, navigating the complex landscape of compliance and regulations can be a daunting task. But fully understanding and following these regulations and processes is critical for winning and successfully executing government contracts. For many contractors, this starts with the DCAA Preaward Survey process. The government uses this

The process of winning and fulfilling your first government contract can be daunting. While working as a contractor or subcontractor for the federal government can open up significant opportunities for small business owners, the laws and regulations that govern the process can feel confusing to navigate, especially for those new to the process. But with

Businesses with government contracts are beholden to regulations put forth by the Defense Contract Audit Agency (DCAA), which are expansive and include specific requirements for accounting and timekeeping. DCAA-compliant timekeeping requires that businesses demonstrate thorough daily time tracking, keep precise records with an audit trail for all charges, include extensive reporting, and more. Following DCAA-compliant

The United States Federal Government is the largest purchaser of goods and services worldwide. And since its purchases are taxpayer-funded, the U.S. government has stringent accounting standards, policies, and regulations in place designed to safeguard the interests of taxpayers. All government contractors are required by law to ensure that their accounting practices are fully compliant