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.
Federal government contracts can be a lucrative and stable source of income for your business. Due to competitive.
As a small government contractor you may be stretched for accounting resources, and if this is your first contract,.
You're finally at the point where your employees get to travel. But getting reimbursed for travel and expenses seems.