At The Accounting Firm LLC, we specialize in supporting businesses involved in government contracting with expert accounting solutions and regulatory guidance. Our team understands the unique challenges and opportunities that come with working in the government contracting sector. We deliver the insight and experience needed to help you maintain full compliance, manage complex funding structures, and achieve greater operational efficiency in a highly competitive environment. With over 25 years of experience serving the Washington D.C. metro area—including Alexandria, Fairfax, Loudoun County, and Maryland—we are deeply familiar with the regulatory landscape and expectations unique to government contractors. Whether you’re a small business pursuing your first government contract or an established contractor looking to optimize your accounting systems, our CPA-led approach ensures personalized attention and strategic advice every step of the way. We recognize that government contracting requires more than just standard bookkeeping; it demands a proactive partner who can navigate complex federal requirements, keep you audit-ready, and support your internal decision-making with accurate, timely financial data. Our priority is to empower your business with the clarity and confidence needed to thrive in the government contracting space.

From the earliest stages of pre-award preparation through contract execution and eventual closeout, our government contracting services are tailored to meet the rigorous standards set by government agencies. We also focus on empowering your business with the financial data and compliance support needed for strategic decision-making and long-term growth.

Our Government Contracting Services Include:

• DCAA-Compliant Accounting System Setup and Support
  

  We design, implement, and maintain accounting systems that are fully compliant with Defense Contract Audit Agency (DCAA) requirements. This includes establishing processes for indirect cost allocation, accurate timekeeping, and the clear segregation of direct and indirect costs. Our approach ensures your accounting infrastructure is audit-ready and supports your eligibility for government contracts.

• Indirect Rate Development and Monitoring
  

  We help government contractors establish provisional billing rates and continuously monitor actual versus budgeted performance. Our team prepares timely indirect cost submissions, helping you maintain profitability and avoid costly audit issues. Accurate indirect rate management is essential for compliance and financial health in the government contracting world.

• Incurred Cost Submissions (ICS)
  

  Our specialists prepare complete and compliant incurred cost proposals in accordance with FAR 52.216-7. By handling the complexities of incurred cost submissions, we reduce your audit risk and ensure you receive timely reimbursement for allowable costs. Our expertise in government contracting regulations keeps your submissions accurate and on schedule.

• Contract Budgeting and Forecasting
  

  We develop detailed project budgets and cost forecasts for fixed-price, cost-plus, and time & materials contracts. Our team monitors project burn rates, ensuring your spending aligns with contract funding limits and helping you avoid overruns. Effective budgeting and forecasting are critical for success in government contracting.

• Audit Support and Representation
  

  When it comes to DCAA, agency, or internal audits, we provide thorough documentation and professional representation. We prepare labor distribution reports, expense support, and indirect rate justifications, ensuring you are well-prepared for any audit scenario. Our experience with government contracting audits helps minimize disruptions and protect your interests.

• Proposal Pricing and Cost Volume Review
  

  We assist with the preparation of compliant and competitive pricing proposals for government RFPs. Our team reviews cost volumes to ensure accuracy and compliance with solicitation instructions, increasing your chances of winning new contracts. Our government contracting expertise helps you develop proposals that stand out and meet all requirements.

• Government Reporting Compliance
  

  Staying compliant with government reporting requirements is critical for contractors. We ensure the timely filing of forms such as SF 1408, SF 1034/1035, and other necessary documents. Our team also manages state and federal tax filings specific to government contractors, reducing your administrative burden and risk of penalties.

At The Accounting Firm LLC, our deep knowledge of government contract regulations is matched by real-world accounting experience. Whether you are new to government contracting or managing large, multi-million dollar awards, we serve as your strategic partner. Our goal is to protect your compliance, strengthen your financial infrastructure, and position your business for sustainable success in the government contracting sector.

Ready to streamline your government contracting accounting and compliance? Contact The Accounting Firm LLC today to schedule a consultation and discover how our expertise can support your business growth.