team of accountants and bookkeepers that understand government compliance accounting practices, are certified in QuickBooks, explain accounting in normal English, and know what government contract audit agencies are looking for and why.
Government contractors have unique accounting and contract administration needs to make sure they stay compliant with FAR/DFAR regulations. Our team members have deep experience developing dcaa approved accounting systems in quickbooks, helping you understand your Wrap Rate and indirect labor cost, and preparing for government contract audits.
Services We Provide Federal Government Contractors
What Makes Our Government Contracting Services Unique
As a certified 8(a) firm and stated certified MBE, we know what it takes to keep your organization compliant and records correct to ensure profitability. We understood that pricing and winning in the federal government is difficult. A key goal of working with the Federal and State governments is to ensure your pricing allows profitability without losing your shirt.
Once approved as a federal contractor, you will have to keep your books updated with all the correct numbers at your fingertips. Federal contractors have to provide the government with information that no accounting system can give you straight out of the box. We start by setting up your chart of accounts in QuickBooks with the correct accounts that support DCAA compliance and Cost Accounting Standards (CAS) compliance. Next, we assist in ensuring your system will pass the (SF-1408) DCAA Pre-Award Survey of your Accounting System.
Then we make sure everything gets recorded so you can pull the reports you need without pulling your hair out. You will be able to price your goods and services to the government accurately and not lose money. We make sure you’re able to run profitably reporting for each client or Task Order awarded.
Thank you. We look forward to staying connected with you.
The W2 Group, LLC