Developing a Chart of Accounts for Federal Contracting Compliance: Requirements and Recommendations
Navigating the complex landscape of federal contracting and cost accounting requires an understanding of the Federal Acquisition Regulation (FAR) and Generally Accepted Accounting Principles (GAAP). This article explores essential aspects of cost management, emphasizing the distinction between direct and indirect costs, and addressing the treatment of unallowable costs to align with both GAAP and FAR […]
Selecting the Best Accounting Software for Small Government Contractors
In the unique and competitive landscape of government contracting, small businesses face distinct challenges, especially when it comes to managing finances. The right accounting software is not just a tool for keeping the books in order; it’s a critical component for compliance, efficiency, and securing future contracts. Among the myriad options available, PROCAS stands out […]
