Blog

Subscribe to our Blog

DCAA Audit Backlog

With a heavy emphasis on pre-award surveys, ostensibly to ensure that a government contractor has a compliant cost accounting system in place, the DCAA has become seriously backlogged in trying to keep up with its review of Incurred Cost Submissions.

"DCAA already has a backlog of $560 billion in unaudited contracts that agencies have already paid, called incurred cost audits."

Recent Blogs

June, 07 2024

Should You Factor Your Government Contract Receivables?

Business Tips CEOs & CFOs

Factoring your accounts receivable to a third-party financing company (i.e., factor) will provide near-instant payment on your federal government invoices instead of waiting the typical 30 days or lon[...] Read the Blog

April, 30 2024

The Q1 941 - Yet another sign the Pandemic is Over?

Accounting Software Accounting 941

One of the more vexing challenges going back to the start of the pandemic in 2020 has been trying to keep up w/ 941 "Employer's Quarterly Federal Tax Return" changes. Read the Blog

April, 02 2024

Accounting Software Upgrades - Taking it One Step at a Time

Accounting Software Business Tips

Company Culture plays a huge role when your company decides to change accounting systems.Your company must adequately plan for the conversion to realize the benefits. Don't forget about your people th[...] Read the Blog