CPFF Contract Accounting Guide for Government Contractors

What Makes CPFF Contract Accounting Different CPFF Contract Basics A Cost-Plus-Fixed-Fee (CPFF) contract is a cost-reimbursement contract in which the government reimburses allowable costs and pays a fixed fee negotiated at the start of the contract. The fee doesn’t change based on actual costs, though it can change if the scope of work changes. CPFF […]
Time & Materials (T&M) Accounting Guide for Government Contractors

What is a Time & Materials Contract? Basic Structure A Time & Materials (T&M) contract is used when the government can’t precisely estimate the extent or duration of work at the time of award. Instead of purchasing a defined outcome for a fixed amount, the government purchases labor effort and materials as needed. Under FAR […]
RANKED: The Best DCAA Accounting Firms in the U.S

Our ranked list of DCAA accounting powerhouses contractors trust to keep their financials compliant and contracts secure. The federal government is keen to tap into the talents of innovative small businesses and entrepreneurs, yet understandably cautious about awarding millions in contracts. It’s all about due diligence. In 2023 alone, the Defense Contract Audit Agency (DCAA) examined over […]
NSF SBIR Program: Your Guide to Funding and Accounting Compliance

Learn how National Science Foundation SBIR funding works and what financial systems, cost rules, and reporting practices companies must follow to stay compliant from Phase I to Phase II. The NSF SBIR program gives early-stage science and technology companies a way to develop high-impact research without giving up equity. It funds exploratory work, helps teams […]
DOD SBIR Program: A Guide to Department of Defense Funding and Accounting Compliance

Learn how the DOD SBIR program operates and what financial requirements every awardee must follow from Phase I through audit readiness. The DOD SBIR program is one of the strongest pathways for small businesses working on advanced research with national impact. It offers funding, structure, and a clear route for turning technical ideas into solutions […]