DCAA COMPLIANCE BLOG

Your Source for DCAA News and Government Contracting Information 


 

Success in Government Contracting – It’s More Than Just Direct Work

Posted by Tyler Link on Tue, Apr 30, 2019 @ 11:20 AM

Most small business government contractors and grantees are understandably focused on things like their direct work, avoiding a DCAA audit, or just delivering product &/or CDRL’s.  Running a successful, growing business, on the other hand, is more than just your deliverables, or accounting and contract compliance.  It takes financial planning, strategic management of your rates, project performance monitoring, and several critical business and financial management skills that most small businesses—and their accounting firms—simply lack.

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Topics: government contracting, Outsourced CFO, government contract management, Indirect rates, DCAA Compliant Accounting


Government Contractors Need More Than "Just an Accounting Firm"

Posted by Tyler Link on Wed, May 23, 2018 @ 09:30 AM

When you decide that you need expert help in Government Contracting, what do you look for in a partner?  Do you want someone with experience running a small business like yours?  Does the depth and breadth of experience really matter?  Are there other factors besides just having your accounting system comply with the Federal Acquisition Regulations?

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Topics: Outsourced CFO, government contract management, DCAA Compliant Accounting, DCAA Accounting Systems


Government Contractor CFO's 101 (Part VII) - Cashflow Management II: Navigating the Government Payment System

Posted by Dave Donley on Wed, Sep 21, 2016 @ 08:50 AM

CFO Cashflow Management - Part II

CFO’s in the government contracting environment will learn it’s no easy feat knowing how and when to get paid. These terms are spelled out in each contract or grant which may include some of the following methods:

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Topics: Outsourced CFO, WAWF, Wide Area Workflow, outsourced cfo services


Government Contractor CFO's 101 (Part VI) - Risk Management II

Posted by Dave Donley on Thu, Jul 28, 2016 @ 09:00 AM

CFO Risk Management– Part II

In our introduction to risk management, understanding the regulatory environment a firm finds itself in was a critical first step for any CFO. For a deeper understanding on how this affects a business, let’s assume you’re a small business (according to the Small Business Administration) having a prime cost-plus type contract. What are the risks involved that the CFO should be aware of?

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Topics: Indirect billing rates, Outsourced CFO, Indirect rates, cfo for government contractors, outsourced cfo services


Government Contractor CFO's 101 (Part V) - Indirect Rates

Posted by Dave Donley on Wed, Jul 13, 2016 @ 01:37 PM

Indirect Rates - "What's a Good Indirect Rate?"

CFO Forecasting – Part II

In a prior blog in our series on CFO's for Government Contractors, we emphasized the importance the CFO’s role in establishing job cost accounting and developing an indirect rate structure that’s suitable for a particular business. Once the mechanics of an adequate government contract accounting system is established, we’re often asked…

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Topics: Indirect billing rates, Outsourced CFO, Indirect rates, cfo for government contractors, outsourced cfo services


Government Contractor CFO's 101 (Part IV) - Economic Forecasting & Modeling I

Posted by Dave Donley on Wed, Jun 22, 2016 @ 08:51 AM

Economic forecasting and modeling are CFO responsibilities that take on a vital role in the government contracting environment. CFO’s in this market must understand the sometimes arcane cost allowability rules and operate on margins typically thinner than most commercial enterprises. In this case, a skillful CFO can have a positive influence on profitability.

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Topics: Outsourced CFO, outsourced cfo services, economic forecasting, government contractor cfo, economic modeling


Government Contractor CFO's 101 - Part I

Posted by Dave Donley on Thu, May 05, 2016 @ 10:34 AM

Like any other industry, government contractors face both the challenge of running a business in general, but also meeting the challenges of their particular marketplace and regulatory environment. Management responsibilities address these challenges in ways that may be different, sometimes drastically different, than what’s experienced in a purely commercial environment.

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Topics: Outsourced CFO, Indirect rates, cfo for government contractors, outsourced cfo services


Why does a government contractor need a CFO?

Posted by Mike Anderson on Tue, Sep 03, 2013 @ 04:08 PM

Last week we talked about the top reasons a government contractor needs to outsource their CFO function.  I think it is prudent to step back and look at why a small business needs a Chief Financial Officer to begin with.  What does a CFO do that an accountant doesn't do?  Why would a small business need a CFO if they have already contracted to have their books kept up to speed meeting GAAP, FAR and other regulations?  These are good questions and not always obvious to answer. 

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Topics: Outsourced CFO, government contractor, CFO