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9 Things to Know About DCAA

Numerous companies, businesses and individuals work in contracting relationships with the federal government. An important part of government contracting is ensuring compliance with government regulations and standards. In particular, contractors with the Department of Defense (DoD) must be DCAA compliant in accordance...

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Should You Use Forward Pricing Rate Agreements?

Are forward pricing rate agreements (FPRAs) right for your company? Consider the benefits and challenges before you decide.

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A Quick Tutorial of the SF 1408

Government contractors have a vital need to maintain accurate accounting records, especially when partaking in certain types of government contracts. For many contractors, though, it can be immensely difficult to keep up with the ever-evolving regulatory standards. It's also confusing in terms of recognizing what is...

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How to Deal with Unbilled Receivables and Contract Revenue Calculations

Contractors may have unbilled receivables for a variety of reasons. Here are some examples, as well as a few tips on how to deal with them.

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Your 2019 Budget – Top Down or  Bottom Up?

Is your budget a Bottom Up or a Top Down plan of revenue and expenses? The method used will most likely will determine how the plan is executed. Are the federal markets you serve aligned with federal spending upticks? Is your budget an achievable “visionary” plan or status quo? Is your plan designed for a top line set...

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How to be prepared when the DCAA comes a-calling

Government contractors are constantly wanting to remain in full compliance with the Defense Contract Audit Agency's policies and procedures. While an audit is never much fun, it's even more daunting for contractors facing DCAA scrutiny, especially for the first time.

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Indirect Rate Structures: Do Yours Need to Change?

As your company grows and evolves, you may find yourself in need of an indirect rate structure change. Here is some background on defining indirect vs. direct cost structures, as well as tips to help you avoid a rate run-in with DCAA.

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DCAA Compliant Software: Solutions Small Businesses Need

The "good" side of winning a government contract is really good, namely in dollars and cents. The "bad" side of being awarded a government contract can be a real headache as well. There is a way, however, to maximize the good and minimize or even alleviate the bad. If you have recently been awarded a government...

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Could your accounting department’s work become the basis of an incorrect executive decision?

Dashboards, Analytics, and Key Performance Indicators can be a major influence in executive decision making. Is your accounting department doing proper review and diligence before the company’s financial results are published?

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Mistakes to Avoid when Shopping for a New GovCon Accounting System

As an entity that wants to compete for government contracts, it is highly recommended that you invest in a Defense Contract Audit Agency (DCAA)-compliant accounting system. Shopping for the right system can be a bit daunting at first, but it becomes much simpler when you laser-focus on the systems that can best meet...

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