Why Most Government Contractors Set Up Their Accounting Wrong (And How to Fix It Early)
Many government contractors start with accounting tools that work early on but become harder to manage as contract volume grows. A scalable accounting setup connects timekeeping, payroll, expenses, and reporting so contractors can track costs by contract and maintain clearer financial visibility as they grow.
The #1 Accounting Mistake Government Contractors Make (And Why It Gets Expensive Fast)
Informal time tracking and invoicing may work when a government contracting business is small, but the gaps become expensive as contracts, labor, and reporting needs grow. This article explains why a defined process matters and how better structure improves cost visibility, billing, and financial control.
A Comprehensive Guide to DCAA Compliant Accounting Systems
Landing a contract with the federal government can alter a company’s future by orders of magnitude. For small business owners and their team of government contractors, accountants, and financial officers, it’s an exciting and compelling opportunity. However, as with most opportunities, this one comes with a healthy amount of pressure—namely, a DCAA-compliant accounting system. In […]
Your Guide to DCAA Allowable and Unallowable Costs
With the help of our Team 80 accounting experts, grasp the concept of costs as defined by the DCAA. Entering into a government contract with the Department of Defense (DoD), and other federal entities, introduces a complex set of rules and regulations overseen by the Defense Contract Audit Agency (DCAA). At the heart of these […]
Preparing for the DCAA Pre-Award Survey
Key Takeaways Even before securing your first government contract, you may have to pass a DCAA Pre-Award Survey. Your accounting system must meet the stringent requirements set by federal agencies, especially when moving from smaller Phase I awards to larger, more financially intensive Phase II awards. As you transition from Phase I to Phase II […]