GovCon Accounting Definitions

What is a G&A Expense?

G&A is an abbreviation for General and Administrative, and is sometimes referred to as SG&A. This expense type is indirect and will be incurred to the benefit of the business as a whole and not for a particular division or department within a business. Accounting and human resources are examples of G&A expenses. G&A...

What is a PLC?

PLC is an abbreviation for Project Labor Category. When providing staff augmentation services to the Federal Government, the labor associated with a particular skill set assigned to a project (e.g., contract) is designated as a labor category. An example of a PLC is Subject Matter Expert (SME). Billing and pay rates for...

What is a Public Voucher?

A Public Voucher (for Services Other Than Personal) - also known by its nomenclature SF1034 - is a standard form used for invoicing the federal government for services rendered during a period of performance. It is widely used for government contract invoicing for flexibly priced contracts, and is often used in conjunction...

What is a CLIN?

A CLIN is an acronym for Contract Line Item Number and can have different meanings depending on the type of contract. In some cases, a CLIN can represent a deliverable (e.g., task order) within a statement of work, and in others, a CLIN can represent an element of cost such as labor or travel incurred in the performance of...

What is the DCAA?

The Defense Contract Audit Agency (DCAA) provides audit and financial advisory services to Department of Defense (DoD) and other federal entities responsible for acquisition and contract administration. DCAA operates under the authority, direction, and control of the Under Secretary of Defense (Comptroller)/Chief Financial...

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