Accounting Services for Government Contractors

Accounting ServicesThe federal government requires government contractors to maintain accounting systems and practices that are very different from the commercial world. It just makes sense to rely on a team of experts that know the ins and outs of government contractor compliance requirements and can fast-track your systems to compliance.

Elite Government Solutions services clients locally as well as nationally. Our professional team works with government contractors to help create/maintain internal control structures and a financial reporting system that will enable critical decision making and improve efficiency, profitability, cash flow and financial position.

Analysis & Maintenance of Existing Accounting System for DCAA Compliance

We analyze your current accounting system to ensure it meets the specific requirements for contracting with the Federal Government.

  • Conduct SF-1408 based contracting accounting system (CAS) review
  • Separate direct costs from indirect costs
  • Able to pool and allocate direct and indirect costs
  • Capture unallowable costs in terms of FAR31
  • Identify and accumulate direct costs by contract
  • Accumulate costs under general ledger control
  • Maintain a compliant time keeping system
  • Distribute direct and indirect labor to the appropriate cost objectives
  • Identify cost by contract line item and by units (hours and ODC)
  • Provide an employee manual which meets DCAA requirement
  • Possess a DCAA compliant policy and procedures manual

Bookkeeping Services

Our bookkeeping services are tailored to meet each of our client’s needs, as well as meeting the requirements of the DCAA. Some of the services we provide are:

  • Preparing and submitting customer invoices
  • Receiving payments against customer invoices
  • Inputting and payment of vendor bills
  • Submitting and recording payroll
  • Bank reconciliation
  • Generating financial and job cost reports
  • Cash flow analysis
  • Budget preparation and maintenance

Maximize the Value of Your Accounting System

We can help you with:

  • Accounting system set up to get you going
  • Support that keeps you running and in compliance
  • Planning, so you can reach your goals

Additional Services

  • Pre-Award/Post Award Audit Preparation & Facilitation
  • ICE Submissions
  • Training of employees on software/accounting system

Complimentary Consultation

Call us today for your complimentary consultation and let us know your needs.