Government Contract Accounting Thompson Greenspon Fairfax, VA Accounting Firm

Our continuity enables us to understand your business and keep you advised of changing compliance regulations. This expertise gives you peace of mind and time to focus on running your business. Whether you’re seeking your first contract, starting research and development, or pursuing a merger or acquisition and a smooth exit, we can assist you. The outsourcing agreement should not be longer than a year and allow for cancellation for failure to meet the terms. The scope of work should include training and documentation which is owned by the contractor, not the outsourcing company. Finally, the software and tools should be owned or transferrable directly to the contractor.

• We aim to be the partner you need, providing scalable services that are driven by your goals.
• In addition, we help on the sale side with waterfall, pipeline and other analysis requests.
• BDO’s Government Contracting practice offers an array of consulting services unique to recipients of federal funds.
• Offers two levels of outsourced accounting services to Federal Contractors and Grantees (in addition to our as-needed consulting services), each tailored to your business and specific contract compliance needs.
• We provide traditional audit, review, compilation and corporate tax services and often handle the business owner’s personal income tax return.

This requires a complete understanding of legal statutes and the ideal bookkeeping set up to address them. We utilize years of government contract expertise to ensure you have immediate access to the necessary financial and contractual data and are able to produce and provide the reports being requested by regulators. outsourced bookkeeping solutions The McKelvey Group has been providing successful outsourced accounting solutions to Government contracting clients for over 25 years. GovCon accounting is in our blood and has been since the founding of the company. Our accounting professionals are experienced in all FAR, CAS, and DCAA requirements.

Government Contracting

That means that the outsourcing company will drive the accounting schedule, data collection, and reporting. Managers must fully consider this aspect of the solution, and that is not always easy to do. Whether you need support on a compliance project, your team needs help getting caught up, you have a DCAA system review or audit, or you need a full solution, pick a convenient time for us to talk. You’ll get expert advice and guidance specifically relevant to your status as a government contractor.

• We keep your accounting records in compliance, so when the government requests an audit, you can quickly provide them the information needed.
• When you are not worried about that word – Accounting – and instead, you are focused on growing your business, that is when we consider ourselves successful.
• However, if the outsourcing is done correctly, managers will find a vastly improved process.
• The Rodeheaver Group can support your company in a variety of different ways, including assisting with acquisition and mergers, developing ways to maximize bonding capacity and making the most out of working capital.
• When bidding on government contracts, it’s incredibly important that the bids you submit are detailed and accurate.

Focus on your core business from day one with a base-line accounting system that can scale with you as you grow. We draw on our deep industry experience to help you seize market opportunities every step of the way.

The Benefits of Using a Consultant for Accounting

LRZ Consulting is a full-service outsourced accounting firm serving businesses in the D.C Metro area and across the United States. Our expert team of accounting and financial professionals specialize in the technology/software, government contracting, professional services, and construction/trade industries. GRF provides government contractors with attest services, income tax preparation and strategic planning, consulting and advisory services, business valuations and outsourced accounting. We provide traditional audit, review, compilation and corporate tax services and often handle the business owner’s personal income tax return. Our industry experts can thoroughly manage any or all aspects of your finances. Find out how our team of bookkeepers and financial controllers help ensure our government clients’ compliance with DCAA regulations. We provide end-to-end accounting and bookkeeping solutions to small and mid-sized government contractors ranging from $2 million to $50+ million in annual revenue.

• The BDO Center for Healthcare Excellence & Innovation The BDO Center for Healthcare Excellence & Innovation is devoted to helping healthcare organizations thrive, clinically, financially, and digitally.
• BDO Center for Corporate Governance Equipping boards with valuable resources to address growing responsibilities.
• Our Howard County accounting firm has extensive experience assisting businesses that compete for government contracts with their accounting, billing, indirect cost allocations, and special reporting.
• Even if the company gets lucky and replaces that employee in a timely manner, there will always be a loss of institutional knowledge.
• Busy government contractors can trust their accounting, audits, and taxes to us—gaining time and peace of mind.
• Meaning, you don’t have to use one program or another to make sure your accounting is DCAA compliant.

Our team members are passionate about helping contractors achieve their most ambitious goals. In the end, the decision of whether or not to use an accounting consultant for your government contracting business is one that should be based on what’s best for your company. If you don’t have the internal resources to keep up with the constant changes in regulations, it’s probably in your best interest to outsource that work to someone who specializes in it. Having an adequate business system can mean the difference between winning federal work and not being allowed to bid.