Strategic Accounting Support for Government Contracting

With more than 100 years of combined experience, our team of accounting professionals possesses a wealth of expertise in government contracting. We are well-equipped to help your organization navigate the intricate regulatory landscape with confidence—positioning you for long-term success in this highly specialized sector.

Our commitment to delivering exceptional, client-focused service remains at the core of everything we do. In response to the evolving needs of government contractors, we have strategically expanded our service offerings to include the following areas:

Contract Administration Advisory provides comprehensive support to government contractors throughout the entire contract lifecycle. We provide cradle-to-grave proposal support — from RFP analysis, pricing strategy, and compliance assurance to post-award administration — ensuring every phase of your contract is executed smoothly and in full compliance with FAR and agency-specific requirements. Services include contract compliance reviews, risk management, modification tracking, subcontractor oversight, and contract closeout assistance freeing you to focus on what matters most.

Defense Contract Audit Agency (DCAA) Accounting System Reviews. We assist clients in preparing for DCAA Accounting System Reviews by evaluating whether your accounting system meets federal requirements for prospective contracts. Learn more.   

The BMSS GovCon CAS team can help ensure the accounting system is currently in full operation and ready for a DCAA audit. Some of the areas we can review include:

• SF 1408 Preparation
• Policy and Procedures
• Segregation of Cost, whether Direct or Indirect
• Timekeeping – Choosing the right timekeeping system that identifies employees’ labor by intermediate or final cost objectives.

Policies and Procedures serve as formal guidelines that define an organization’s rules, practices, and expectations for executing various tasks and operations. The BMSS GovCon CAS team is here to assist in developing and implementing these policies and procedures, ensuring you have clear and effective practices in place to follow.

Outsourcing Support includes online systems like Quickbooks, Unanet, Cost Point, and Jamis.

Additionally, we offer training for your staff, or we can provide full outsourcing in the following areas:

• Accounts Payable including Travel Expense Reports
• Accounts Receivable
• Bank Reconciliation
• Payroll/Payroll Tax Filings/W2
• 1099s
• Business Personal Property Taxes
• Provisional Rates Calculations/Forward Pricing
• Incurred Cost Submission

In each of these services, our accountants provide detailed monthly financial statements that we tailor to your specific needs. We understand the complexities that your accounting can bring, and we have the proper tools and resources to provide comprehensive support for your pricing and proposal development processes.

Our team members have a great deal of expertise when it comes to evaluating accounting systems and enhancing your current policies and procedures.  Whether you’re preparing for your next audit or seeking to streamline contract administration, our team is here to support you. Contact us today by calling (833) CPA-BMSS or visit our website to schedule a consultation and discover how we can help your organization thrive in the government contracting space.