Cost organization
Review how direct costs, indirect costs and supporting records are organized so project activity can be followed consistently.
Our services
Government Contractors
Build accounting records that connect contract activity, project costs and the reporting your business needs.
How we can help
Government Contractors with a clear scope.
Government contracting can add another layer of accounting requirements to everyday business operations. We help contractors discuss their cost structure, reporting process and contract-related accounting needs, with a scope suited to their stage and the work involved.
Connect the accounting process
Time tracking and invoicing
Discuss the flow from staff time and project records to invoicing and accounting reports. Clear responsibilities and documentation help keep the process consistent.
Rates and reporting
Support the discussion of indirect-rate structures, funding and budget variances, and contract-related financial reporting as agreed in the engagement.
Readiness and supporting schedules
Help organize information for incurred-cost submissions and DCAA-related accounting requirements where applicable to the engagement. The specific contract and requested work determine the scope.
Start with the contract and the records
- The contract type and any relevant accounting or reporting instructions
- Current financial reports and the chart of accounts
- Timekeeping, billing, project cost and indirect-cost information
- Known reporting dates, questions and prior correspondence
Make the system useful to management
A contractor needs to understand performance as well as prepare required reports. We discuss how the records can show project costs, funding and variances so owners can identify questions and make informed decisions.
Confirm requirements early
Requirements vary with the contract and the facts. Tell us about new awards, changes and reporting requests promptly so the accounting work can be scoped. Our assistance does not itself certify compliance or guarantee an agency determination.
More ways we can help