Properly reporting all of your costs related to each contract is essential to remaining in compliance with federal contracting requirements. If you hope to remain in good standing so that you can continue to receive contracts from the federal government, then you must...
Many business owners consider their bookkeeping and tax preparation to be separate issues that require separate professionals to complete. While it’s true that there are financial professional who specialize in each of these areas individually, it’s often better to...
QuickBooks is a popular accounting tool for small businesses, and it can be used while maintaining compliance with FAR and DCAA for government contracts. However, you do have to ensure that you’re utilizing QuickBooks properly if you want to maintain that compliance....
If you’re a government contractor, proper cost allocation is absolutely essential to receiving and retaining government contracts. Failure to properly allocate your costs can result in you losing your ability to contract with the government at all in the future, and...
Working as a government contractor involves navigating a host of regulatory requirements—and learning all the acronyms that go with them. One of those acronyms is PBR, or Provisional Billing Rate. PBR is a critical step for contractors with cost-reimbursable and Time...
