Audits in the world of government contracting are a matter of when, not if. Accounting system surveys, pre-award and post-award audits and incurred cost audits, are just a few among many that government contractors will face. The key to successfully passing an audit is understanding compliance, knowing the basics of the audit process, written policies and procedures, adequate internal controls, and regular testing. This course will focus on th...

The GovCon Accounting Summit is a virtual learning experience for government contract accounting professionals. Join us for three days of educational sessions. You’ll have an opportunity to learn from industry leading accountants, attorneys, and consultants on a variety of government contract accounting topics and see some of the latest software tools in action during live demonstrations. Register by June 1st to take advantage of early-b...

Small businesses often lack the financial resources to staff their accounting departments with the expertise necessary to fuel strategic growth. Companies need a unique skillset to achieve and maintain accounting compliance in government contracts and many local CPAs lack this expertise. That's where outsourced accounting and automated bookkeeping comes into play, especially for government contractors. Working with a firm that can configure th...

Small businesses often lack the financial resources to staff their accounting departments with the expertise necessary to fuel strategic growth. Companies need a unique skillset to achieve and maintain accounting compliance in government contracts and many local CPAs lack this expertise. That's where outsourced accounting and automated bookkeeping comes into play, especially for government contractors. Working with a firm that can configure th...

Effective budgets lead to accurate provisional billing rates that ensure total cost recovery and maximize net operating profit. In short, they provide financial guidelines, help identify and capture all costs, provide targets and goals, and plan for profitability and success. It's an important and time-consuming chore. That's why many government contractors find the task of completing a budget to be overwhelming. But it doesn't have to be. If...

Effective budgets lead to accurate provisional billing rates that ensure total cost recovery and maximize net operating profit. In short, they provide financial guidelines, help identify and capture all costs, provide targets and goals, and plan for profitability and success. It's an important and time-consuming chore. That's why many government contractors find the task of completing a budget to be overwhelming. But it doesn't have to be. If...

As an accountant presenting financial information to non-accountants, it's important to take the approach that some of the accounting jargon you typically use around your peers may not be as easily received by a non-accountant audience. Show non-accountants that you're more than a "bean counter", that you truly are a strategic partner in the business by tailoring your presentation in an easily digestible format. Present information that is rel...