Federal contractors face critical challenges in aligning accounting methodologies with the demands of the comparatively stringent requirements of their target market, the US government, vs. requirements of the commercial market base. Issues include maintaining constant audit readiness, the need for diligence and adroitness in information leveraging to develop a robust accounting operation, and the demand to stay on the cutting edge of applicable technologies and accounting workforce proficiencies, among others.
Small businesses are required to set up DCAA-compliant accounting systems if they want to compete for government.
Your company's cash flow forecast is the fuel that keeps things going and your business growing. The money coming in.