Compliance Blog

What growing businesses need to know about DCAA accounting system compliance
DCAA Compliance Resources & Guidance
Need to get up to speed on what is involved with setting up an adequate accounting system? DCAA has provided information on their website to help contractors satisfy the requirements imposed by the Federal Acquisition Regulation (FAR) and Defense Federal Acquisition Regulation Supplement (DFARS), and know what to expect in an accounting system audit. We've compiled a list of key resources that small businesses should be familiar with and where to find the current versions.
Government Contractors can pass a DCAA Accounting System Review using QuickBooks
At a recent conference, an 8(a) firm told us they were advised that QuickBooks® cannot be deemed DCAA compliant. The truth is, countless businesses have passed the DCAA accounting system review using QuickBooks as their accounting system backbone.
Preparing your Accounting System for SBIR Awards in 2018
New SBIR funding opportunities are opening up for proposals soon. If you’re new to government contracts and/or SBIR, you’ll be well served to understand the implications of winning an SBIR award on your accounting practices before we head into 2018. Preparing now to satisfy DCAA compliance requirements with adequate accounting procedures can save you from stress and delayed funding in the new year. 
DCAA Compliance using ICAT with QuickBooks
ICAT enables a Government Contractor using QuickBooks® to set up a DCAA Compliant accounting system, and meet the requirements imposed by the Federal Acquisition Regulation (FAR) and Defense Federal Acquisition Regulation Supplement (DFARS).
Overcoming FAR Accounting System Challenges
One of the toughest challenges small and medium-sized federal contractors face is setting up and implementing an accounting system that satisfies requirements imposed by the Federal Acquisition Regulation. What do you need to know and how can you be prepared to meet these challenges, and even a government audit?