Government Contract Accounting Services
Outsourced compliance, reporting, and strategic support for growing federal contractors.
Accounting Support Built for Government Contractors
Federal contracts come with a different kind of scrutiny. To succeed, you need an accounting partner who knows the regulations, speaks the language, and keeps your financials audit-ready, without building an in-house team from scratch.
Team 80 delivers complete outsourced accounting services for government contractors operating under FAR and CAS guidelines. We support contractors working under CPFF, T&M, and FFP agreements, providing comprehensive services ranging from indirect cost strategies to ICE preparation and revenue recognition. Our model scales with your contract portfolio, keeping your systems clean, compliant, and built for growth
“I used to spend many hours a week doing the accounting myself. Once my company got a federal grant, it quickly became overwhelming. With Team 80, I can now trust that my company’s books are compliant with our granting agency’s requirements, and I can focus my time on the R&D work.”
– John Osborne | MediCollector
Our GovCon Accounting Services
From compliance to cost strategy, our team seamlessly integrates into your operations, providing the same level of expertise as an internal accounting department, without the overhead. Each service is tailored to meet the demands of federal contracting under FAR and CAS guidelines.
Streamlined Onboarding for Faster Compliance
Our onboarding process configures your systems quickly and accurately while setting the foundation for long-term compliance. From setup to audit support, we include outsourced accounting and software so your business is prepared from day one.
All-Inclusive Pricing,
No Hidden Setup Fees
Starting at $1,000/month including QuickBooks, Timekeeping, Bill.com, and Gusto Payroll software. Unlike competitors that charge thousands in setup fees on top of monthly rates, our transparent pricing covers everything you need from day one.
Specialized GovCon Expertise with Personal Service
GovCon compliance is not a sideline. With more than 25 years of experience working with government contractors, our team provides the personal attention and deep knowledge that generalist accounting firms simply cannot match.
Comprehensive Government Contractors Accounting Services to Ensure Compliance
Why Choose Team 80 for Federal Contract Accounting?
We’re built for federal accounting. Team 80 specializes in outsourced solutions for government contractors that require smart, scalable support without the cost or complexity of hiring in-house staff.
Federal Contracting Expertise
Our team is well-versed in the nuances of FAR, CAS, indirect cost rates, ICE, and all related aspects.
U.S.-Based, Scalable Accounting Teams
Work with dedicated professionals who grow with your contract load—no call centers, no outsourcing.
Transparent Monthly Pricing
Simple, consistent pricing structures. No hidden fees, no surprises.
Systems That Grow With Your Contract Portfolio
We help you implement and manage accounting tools that keep pace with growth, complexity, and evolving compliance requirements.
INCLUDED IN OUR MONTHLY SERVICES:
- Indirect Cost Rate Development & Provisional Billing Support
Build defensible indirect rate structures—including support for NICRA development—and manage provisional billing rates that withstand scrutiny. - Timekeeping Compliance, Job Costing & Labor Distribution Implement systems that accurately track labor, assign costs, and support compliance with cost allowability rules.
- Incurred Cost Proposal (ICE) Preparation Prepare and submit ICE reports that meet federal requirements and protect your reimbursements.
- FAR & CAS-Compliant Financial Reporting Maintain complete transparency and meet cost accounting standards by aligning financials with government expectations.
- ERP & Accounting System Setup (QuickBooks, Gusto, Bill.com) Configure and integrate cloud-based systems tailored for government contract tracking, billing, and audit prep.
- Contract Billing, Revenue Recognition & Cost Allowability Align your billing and revenue processes with government guidelines to avoid rejections or clawbacks.
- Proposal Pricing & Cost Volume Support Develop compliant cost volumes and pricing strategies for competitive bids.
- Policy Development, Internal Controls & Audit Readiness Strengthen internal systems and documentation to support audits, reviews, and contract expansions.
Built for All Contract Types
Our accounting services support a full range of federal contract structures. Whether your projects are cost-reimbursable or fixed price, we structure your financial systems, reporting, and cost strategies accordingly.
Cost-Plus Fixed Fee (CPFF)
Track allowable costs precisely and support accurate fee calculations based on negotiated rates.
Time & Materials (T&M)
Maintain real-time labor tracking and job costing that meets government billing standards.
Firm-Fixed Price (FFP)
Align your internal systems to support margin control and cost allowability.
Who We Serve
Team 80 specializes in providing FAR and CAS-compliant accounting services to small and mid-sized government contractors managing federal contracts.
Whether you’re pursuing your first contract or managing an expanding portfolio under CPFF, T&M, or FFP agreements, we provide the expertise and systems to keep you compliant and audit-ready. From indirect rate development and ICE preparation to job costing and revenue recognition, we handle the complexities of federal accounting so you can focus on contract performance.
We deliver the financial infrastructure you need without the overhead of building an in-house team.
Don't Risk Your Government Contracts
Every day without proper accounting compliance puts your funding at risk. Government audits can happen at any time, and non-compliance can cost you everything you’ve worked to build.
GovCon FAQs
What is GovCon accounting, and how is it different from standard accounting?
Government contract accounting adheres to strict rules outlined in the FAR and CAS, with additional oversight regarding cost allowability, indirect rates, and audit readiness. Standard small business accounting doesn’t cut it when federal dollars are involved.
Do I need specialized accounting software to be compliant as a government contractor?
Not necessarily, but your systems must be configured to support cost tracking, job costing, labor distribution, and reporting in a way that meets government expectations. We use tools like QuickBooks, Gusto, and Bill.com to support GovCon success.
What types of contracts do you support?
We work with government contractors operating under Cost-Plus-Fixed-Fee (CPFF), Time-and-Materials (T&M), and Firm-Fixed-Price (FFP) agreements. Our services are tailored for businesses pursuing or managing federal contracts with long-term compliance needs.
Can you assist us in preparing for government audits?
Yes. We help clients establish internal controls, accurately track costs, and prepare supporting documentation that withstands audits and reviews.
What size government contractors do you work with?
Team 80 collaborates with small to mid-sized contractors across various industries. Whether you’re managing one contract or growing a full portfolio, we scale with you.
GovCon Accounting Pricing
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Complete FAR-compliant accounting services with no setup fees. Monthly rate includes all services AND software:
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QuickBooks Software
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Government-Compliant Timekeeping
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Bill.com Accounts Payable/Bill Payment Software
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Gusto Payroll Software
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No hidden setup costs. No surprise year-end fees. No enterprise complexity.
Our Business Partners
TRUSTED CUTTING-EDGE TECHNOLOGY
The cloud has revolutionized every aspect of business, including back office accounting systems. With Team 80, you can leverage cloud technology to ensure your accounting practices meet federal compliance standards today and in the future. Our suite of integrated, cloud-based software is designed to maintain FAR and CAS compliance while enabling us to manage your back office operations efficiently and securely.
