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DCAA Compliant Outsourced Accounting Services for Government Contractors

  • We specialize in working with prime contractors, 8(a), SBA, HUBZone, Women, Minority and Veteran owned firms utilizing QuickBooks and other industry-specific applications.

DCAA COMPLIANT ACCOUNTING SERVICES for Government Contractors

With over 185 full-time employees, AccountingDepartment.com is the premier GovCon accounting services firm that provides DCAA compliant outsourced bookkeeping, advisory, and implementation to government contractors.

OUR GOVCON TECH STACK

eFAACT seamlessly integrates QuickBooks with standard policies and procedures to deliver the consistent results DCAA and other audit agencies require.

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OUTSOURCED ACCOUNTING & ADVISORY SERVICES

We manage your entire accounting lifecycle from billings and payables to closing the books. Whether you are looking for a way to avoid more costly accounting platforms, need help setting up DCAA compliant accounting for your new contracts or simply need a bookkeeping team that can scale with your needs, AccountingDepartment.com is ready to help.

Find out how our team of bookkeepers and financial controllers help ensure our Government clients’ compliance with Federal regulations and DCAA rules.

  • 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
  • Subcontractor Management
  • Cash Monitoring
  • On-time Billings
  • Monthly Financial Review Call
  • Annual Budget / Forecasting
  • 1099s
  • CFO / Advisory Services
  • Utilization
  • Project profitability
  • Indirect rates
  • Budget recommendations
  • Contract Management
  • Labor Accruals
  • Job Costing
  • Budgeting & Forecasting
  • Reports & Dashboards
  • Incurred Cost Submission/ICE Schedules
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  • Accounting policies and procedures
    • Accounting Manual
    • Policies and Procedures Development
    • Annual Policies and Procedures Manual Update
    • SF1408 – Acceptable Accounting System
    • DCAA Needs for Accounting:
    • Chart of Accounts for DCAA Compliance
  • Cost Accounting Standards (CAS) and Preparation of Disclosure Statements
  • DCAA or other Cognizant Audit Agency Support

 

  • 6 – 8 weeks
    • --Live doing books on Day One
    • --Doing set up
    • --Documentation
    • --Online access
    • --3rd party technologies
  • Zoom Meetings – 2x / 3x a week
  • Reconciliation reviews
  • Month-end close / Balance Sheet Clean up
  • Labor distribution Review
  • Direct cost ledger review
  • DCAA|FAR compliance review
  • Indirect cost rate calculations
  • Setting up jobs & CLINs for new contracts in eFAACT
  • DCAA-compliant software set up
  • Company-wide KPIs/ Dashboard set up
  • Budget / Forecast / Trend Analysis Structuring
  • Revenue recognition in accordance with GAAP
  • Lease recognition in accordance with GAAP