GovCon Accountants
Govcon Accountants provides complete turn-key, all-inclusive, full-service Federal Acquisition Regulation (FAR) and Defense Contract Audit Agency (DCAA) compliant managed accounting services to government contractors nationwide. If your goal is to have your accounting function professionally managed by an accounting firm with deep expertise in FAR and DCAA compliance, you will be interested in our Managed Accounting Service.
FAR & DCAA Accounting
FAR & DCAA Consulting
As your accounting partner, we can help serve as your company’s Federal Acquisition Regulation (FAR) and Defense Contract Audit Agency (DCAA) consultant in all matters with FAR and DCAA. Whether it’s month-end closing, government contract pricing, indirect rate budgeting, incurred cost submissions, audit support, or provisional billing rates, the GovCon Accountants team is ready to help.
FAR & DCAA Audit Support
Tarsus delivers nationwide audit support services that adhere to Federal Acquisition Regulation (FAR) and Defense Contract Audit Agency (DCAA) standards, specifically catering to government contractors. Should you seek to have your accounting handled by a company skilled in FAR and DCAA compliance, our specialized DCAA and FAR audit support service is tailored to fulfill such requirements.
Systems Include
We work with a number of FAR and DCAA software. Outgrowing QuickBooks? Need FAR and DCAA compliance? A scalable, large enterprise, SAAS cloud application with roles and permissions, project management, reports, and dashboards.
GovCon Cloud
Govcon Cloud Services offers a tailored hosting solution for QuickBooks Desktop users, enabling connection to over 150 accounting and business applications. It's designed for companies outgrowing QuickBooks Online, seeking QuickBooks Desktop's advanced features without the hassle of managing an internal network.
Enjoy QuickBooks Desktop's power and the flexibility of cloud computing, with access on any device, including integration with popular cloud storage like Dropbox, One Drive, and Google Drive. Our service includes comprehensive IT support, firewalls, backups, hardware, and software upgrades, ensuring a seamless, secure collaboration experience.
GovCon Software Solutions
We offer a comprehensive service that works with your:
- QuickBooks
- Unanet
- Microsoft Dynamics.
Providing all necessary reports for FAR and DCAA audits.
GovCon Benefits
Saving you time and money to focus on growing your business
COST SAVINGS FOR A FAR & DCAA-Compliant system
Customizable Services for your Business Needs
GovCon FAQs
The Defenses Contract Audit Agency (DCAA) provides audit and financial advisory services to the DoD and other federal entities responsible for acquisition and contract administration. DCAA operates under the authority, direction, and control of the Under Secretary of Defense (Controller)/Chief Financial Officer. The Agency’s primary function is to conduct contract audits and related financial advisory services.
If your company is awarded a cost-reimbursement type of federal contract, you should be concerned about DCAA audits, regardless of the size of your company. Even a small business can be subject to DCAA audits, especially when awarded a federal contract containing the 52.216-7 Allowable Cost and Payment clause.
Small businesses are not exempt from DCAA audits if awarded a cost-reimbursement or time and materials type of federal contract, especially one with the 52.216-7 Allowable Cost and Payment clause.
No, federal contracts of any size can be audited by DCAA if they are cost-reimbursement or time and materials types of federal contracts. Many contractors need clarification on the contract size threshold for Cost Accounting Standards (CAS), which exempts small businesses and small contracts from Cost Accounting Standards. This is different from the jurisdiction of DCAA auditors, which includes small contracts and small businesses.
Yes, subcontracts issued by federal prime contractors to subcontractors are subject to DCAA audit if the prime contract and subcontract is a cost-reimbursement or time and materials type of federal contract. Even small subcontractors with no prime contracts can be subjected to DCAA audits. Many small contractors incorrectly believe their small size exempts them from DCAA audits if they have no prime contracts.
A pre-award system survey is an accounting system review performed by DCAA before awarding a cost-reimbursement type of federal contract, and if not found to be acceptable, usually means the loss of the contract. The contractor must demonstrate that its accounting system, as designed and implemented by the contractor, segregates direct costs from indirect costs, computes indirect rates, fairly allocates indirect expenses to cost objectives and contracts, reconciles labor distribution costs to the timekeeping and payroll system, reconciles job costs to the general ledger, tracks contract backlog, segregates unallowable costs, and is in accordance with generally accepted accounting principles.
DCAA performs a voucher audit at the request of the contracting officer to verify the amounts and quantities billed to the federal government by the contractor. Voucher audits are most frequently performed on cost-reimbursement and time and materials federal contracts.
Talk to a GovCon Expert
Ready to Elevate Your Financial Strategy with Tarsus?
Discover how our dynamic financial services and leadership can support your business. Connect with a Tarsus GovCon expert and start shaping your financial future. Book your free consultation now and count on growing your business with Tarsus.
