Industries we serve
Specialized Accounting for Government Contractors
In the competitive world of government contracting, precise and compliant financial management is essential for success. Government contracts come with stringent regulations and reporting requirements, making proper accounting practices paramount. At JIA Accounting, we specialize in accounting services tailored to the unique needs of government contractors, helping you navigate financial complexities with confidence.
Our impact in the Government Contractors Industry
Cost Accounting Standards (CAS) Compliance
Government contracts often require adherence to specific cost accounting standards. Ensuring compliance with CAS regulations is essential to avoid penalties and maintain contract eligibility.
Federal Acquisition Regulation (FAR) Compliance
Government contractors must comply with the FAR, which governs the procurement process for federal agencies. Proper accounting practices are necessary to meet FAR requirements and ensure contract performance.
Indirect Cost Allocation
Proper allocation of indirect costs, such as overhead and administrative expenses, is critical for accurately pricing contracts and maximizing profitability.
DCAA Audit Support
Government contracts may be subject to audits by the Defense Contract Audit Agency (DCAA) or other government agencies. Preparation for and support during DCAA audits are essential to demonstrate compliance and maintain contract integrity.
Job Costing and Project Accounting
Tracking costs associated with specific contracts or projects is necessary for accurate billing, cost estimation, and profitability analysis.
Incurred Cost Submission
Government contractors are required to submit incurred cost proposals annually, detailing direct and indirect costs incurred during contract performance.
Contract Modifications and Change Orders
Changes to government contracts, such as modifications and change orders, require careful accounting to ensure accurate billing and compliance with contract terms.
Why choose us
Why choose us