cost accountingYou want to successfully navigate a Government contracts audit and we make it easy for you! While cost accounting is not an exciting topic for most Government contractors, having someone who understands the regulatory landscape and makes it easy for you is invaluable. The Government contracts marketplace is filled with reporting, regulatory, and unusual requirements. Our role is to make it simple for you.

Financial Savvy Improves Your Profitability

Your company may be a seasoned organization. Or you may be new to these requirements and additional Government contracting cost accounting demands. We work with you on the financial aspects of these obligations and in improving your bottom line.

Get Creative With Your Cost Accounting

You have many options when it comes to the cost accounting and financial structure you design for your Government contracts organization. Again, together we look at the entirety of options available to you, not just the commonplace to make you distinguished and competitive. Cost accounting and finance alternatives must follow Government contracting regulations but do not have to be mundane. Together we get creative while always being compliant.

From incurred cost preparation and audits to indirect provisional billing rates, cost accounting systems reviews and recommendations and Cost Accounting Standards (CASB) disclosure statement and compliance, your financial competitiveness and profitability comprise the focus of our efforts.

Smooth Proposal Audits

The basis of your financial structure and forecast is sometimes challenged by various Federal Government contracting agencies. We identify the potentially controversial issues and prepare the needed documentation to support your position and advise you of the changes you might consider if another avenue is more beneficial to your desired outcome. We work with you to make your proposal audit support go smoothly and can act as your audit liaison.

Focus on What Really Improves Your Indirect Rates

When Government contracting companies are looking to improve their cost accounting and profit picture, they cut costs. That may be one solution, but it may the most impulsive move you can make.   Far too many businesses tackle profit improvement by slashing costs in hopes of curing what ails their bottom line. We help you focus on the root cause.

“We have a set of forward pricing rates for the first time in 20 years! Having a forward pricing program so we can see how we need to bid is invaluable. It is an incredibly enlightening document.”  –Deidre Doyle, Former President, ICA Language Services

cost accounting

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To hear a recording on When Are You Subject to CAS Coverage, click here.