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DCAA Compliant Outsourced Accounting Services for Government Contractors

We specialize in providing governmental accounting through DCAA compliant outsourced accounting services for government contractors with between $1 million and $50 million in annual revenue.

outsourcing dcaa compliant accounting services

With over 100 full-time employees serving a wide range of government accounting needs, every one of our clients benefit from a dedicated team comprised of an accounting specialist and a CPA/Controller with extensive government accounting backgrounds. Supported by technology implementation specialists, project managers, and a host of subject matter experts, our accounting teams are able to serve the unique and critical needs of SBA government contractors throughout the USA.

Some of the services provided to our government accounting clients include:

  • Daily Financials & DCAA Compliant Chart of Accounts
  • Guidance, Access & Support for Accounting Technology and Systems
  • Comprehensive Financial Statements
  • Budgets & Forecasts
  • Dashboards
  • Indirect Cost Allocation
  • Calculating Indirect Rates
  • Incurred Cost Reporting
  • Contract Cost Reporting
  • Generating Wrap Rates
  • Implement and Manage Integrated Compliant Time Tracking & Reporting Systems

DID YOU KNOW? FAQ for GOVCON CLIENTS:
COMMON QUESTIONS & MISCONCEPTIONS IN DCAA COMPLIANT ACCOUNTING
  • There is no such thing as a "DCAA-approved accounting software"
    • Meaning, you don't have to use one program or another to make sure your accounting is DCAA compliant. The DCAA cares more about the compliance of the overall accounting system rather than whether you use PROCAS or Deltek or QuickBooks.
  • Interested in QuickBooks for government accounting?
    • We use QuickBooks with ICAT and other third party applications to create a compliant accounting system for our government contractor clients.
  • Many third party applications support government accounting requirements
    • These are just a sample of some that we work with:

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  • There are many different types of DCAA accounting audits
    • Depending on your type of contract, your accounting system and your current status, you need the right support to prepare for your DCAA audit.
  • You can outsource DCAA compliant accounting services
    • To us. Just ask our current government contractor clients.

MEET P3S CORPORATION
ONE OF OUR GOVERNMENT ACCOUNTING CLIENTS DISCUSSES EXPERIENCE WITH ACCOUNTINGDEPARTMENT.COM

 

Find out how our team of bookkeepers and financial controllers help ensure our government clients' compliance with DCAA regulations. We provide end-to-end accounting and bookkeeping solutions to small and mid-sized government contractors ranging from $1 million to $50+ million in annual revenue.

We partner with a third party expert to ensure preparedness for DCAA audits, complete transitions from other accounting platforms (primarily Deltek and PROCAS) to QuickBooks platforms and verify suitability of QuickBooks use for all contractors. One of the most common requests from our new government contractor clients is helping setup a DCAA compliant accounting system with QuickBooks.

Whether you are looking for a way to avoid more costly accounting platforms, need help setting up DCAA compliant accounting for your first contracts or simply need a bookkeeping team that can scale with your needs, AccountingDepartment.com is ready to help.

  • Accounts payable (bills and payments)
  • Accounts receivables (invoices and collection)
  • Daily General ledger maintenance
  • Time tracking & job cost reporting
  • Payroll processing
  • Expense classification
  • Sales commissions
  • Sales and use tax filing
  • Bank account reconciliation
  • Credit card reconciliation
  • PayPal reconciliation
  • Balance sheet generation and review
  • Budgeting & Forecasting
  • Financial statements & custom reporting
  • Inventory management
  • Work in process (WIP)
  • Foreign banking management
  • Fixed asset management
  • 1099 forms
  • Coordinating with your CPA or tax adviser
  • Tax & Audit support
  • Balance Sheet
  • Profit and Loss Statement – Month
  • Profit and Loss Statement – YTD
  • Profit and Loss Statement by Class – Month
  • Profit and Loss Statement by Class – YTD
  • Cash Flow Statement
  • Accounts Receivable Aging
  • Accounts Payable Aging
  • Prepaid Expenses by Vendor
  • Accrued Expenses by Vendor
  • Deferred Revenue by Customer
  • Open Sales Order by Customer
  • General Ledger


DCAA Accounting Archives