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January, 31 2023

How Accounting for Government Contracts differs from Commercial Methods

Government Contractor Definitions Accounting Business Systems commercial

The notable differences between government contract accounting versus commercial accounting are often more procedural than process related. Read the Blog

December, 29 2022

Have a Stress Free Tax Form Filing Season (and a Happy New Year)

Business Tips Accounting tax

For the dreaded upcoming tax form filing season that begins in January, you likely will be pleased to know that unlike with the past two tax filing seasons Read the Blog

November, 30 2022

Business Systems and Federal Audit Compliance

DCAA Audits Government Contractor Accounting Business Systems

When it comes to your business systems and related audits, you may be surprised to know that such systems extend beyond your accounting/financial system. Read the Blog

March, 24 2022

DCAA FAR 31.205 Cost Principles Guidebook for Allowability

DCAA Audits DCAA Accounting

The Defense Contract Audit Agency (DCAA) has recently published a Guidebook designed to better explain 'allowability' of costs in a well organized, 75 chapter document. While there are still a few ... Read the Blog

February, 22 2022

Getting creative with your G&A Rate

Accounting Software DCAA Accounting Indirect Costs Budgeting

In a previous article, we discussed the concept of Indirect Rates and provided a simple example of a fringe benefit rate calculation. We have found that many of our most successful clients have some ... Read the Blog

December, 16 2021

A New Filing Option for Tax Forms is Here!

SYMPAQ Benefits DCAA Accounting Yearli

SYMPAQ is not integrated w/ Yearli - an e-filing cloud program that automates both your Federal & State form filings + automated mailing. Read the Blog

May, 24 2021

DCAA Timekeeping Lore

Business Tips DCAA Accounting FAR Compliance

Guidance for labor recording can be found in DCAAM 7641.90 under Labor Charging System. If guidance is written in the DCAA's Information for Contractors manual, then it must be rooted in the ... Read the Blog

March, 13 2020

Your Internal Controls: Speed Bumps, Guardrails and Stop Signs

Business Tips DCAA Accounting

Internal controls are the speed bumps, guardrails and stop signs when it comes to your financial systems. This post details what this metaphor means and why it's so important, especially if you're ... Read the Blog

September, 26 2019

Batch Versus Real-Time Accounting--Which is Right for You?

Government Contractor Business Tips Accounting

In accounting software design, there are two primary methods with respect to how systems should operate: batch-based entry and real-time entry. This article will provide a synopsis of each method and ... Read the Blog

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