Outsourced Accounting Defense Contractors Outsourced Bookkeeping

outsourced government bookkeeping services for contractors

Whether you are a municipality, county, state, college or school system, call on our state and local government team to be your strategic partner in helping you to protect the public interest and defend the public trust. Contact our team for uncompromising confidentiality and quality as we exchange information efficiently, minimize disruptions for your staff, and mutually achieving audit milestone dates.

Outsourcing Services – EisnerAmper

Outsourcing Services.

Posted: Thu, 04 Aug 2022 17:50:20 GMT [source]

We help small startups to large companies throughout the lifecycle of their business, serving rising stars in technology, communications, defense, security, and professional services. Busy government contractors can trust their accounting, audits, and taxes to us—gaining time and peace of mind. While all businesses must be ready for a government audit, government contractors are more likely to be subjected to them more often. We keep your accounting records in compliance, so when the government requests an audit, you can quickly provide them the information needed. When you work with us, your books will be in the hands of a Virginia CPA firm that is accessible, reliable, and qualified.

Outsourced Accounting for Government Contractors Insights and Events.

We utilize our best-in-class software offerings, technical accounting skills, and our commitment to serving the needs of our clients to build an accounting function that can scale alongside the business. We provide organizations with assistance in the areas of strategic and business planning, outsourced bookkeeping solutions program development, organizational assessment. When selling to the federal government, cost control, reporting, and documentation of all stages of the contract life cycle are critical. Is your documentation adequate to pass a Defense Contract Audit Agency incurred cost audit?

Not only that, but they also spend the time necessary in the discussions before signing an agreement to be certain the potential client understands exactly what is and what is not included in the scope. A client should never be a surprised during performance that something is not in scope. That is entirely the responsibility of the outsourcing firm to clearly communicate to the contractor. Make sure you are receiving effective communication and documentation up front from your outsourcing firm to eliminate issues or surprises. In addition, contractors can get quotes from multiple outsourcing companies to ensure the quoted prices are reasonable. A professional accountant doesn’t just help you maintain the status quo by keeping your books up to date. We also take a proactive approach to your company’s finances, become a partner that can advise you on how to grow your business and better manage your cash flow.

Should Government Contractors Use Outsourced Accounting Consultants?

We do not just perform your finance and accounting functions but also train your staff or find the right candidate for you. We help our clients prepare for and respond to pending changes and new requirements. BDO Institute for Nonprofit Excellence Innovative solutions to nonprofit organizations, helping clients position their organizations to navigate the industry in an intensely competitive environment.

  • That is entirely the responsibility of the outsourcing firm to clearly communicate to the contractor.
  • Although a contractor would have lower accounting costs, it is probable that the contractor will end up paying a much higher price in the future – from failing an audit, or losing contracts, or being unable to grow effectively.
  • At Aarth Inc we understand that the complex rules and compliance standards required for accounting on government contracts can be difficult for many businesses to navigate.
  • Then offers two options to companies depending on their size and whether or not they have an accountant or bookkeeper on staff .
  • The Wrap is a podcast by Warren Averett designed to help business leaders access relevant information about today’s issues so you can accomplish what’s important to you.

Our offices hold a large footprint in the Southeast, which means that many of our team members reside near military installations and government hubs. Our specialists help businesses meet the rigorous standards set by the government. With a professional, we can ensure accuracy while also analyzing the data we handle.

Consulting

BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. In an era defined by disruption, you need relationships with trusted advisors and industry veterans to guide your business on the road ahead. Center for Business Innovation When it comes to business, innovation is changing everything. Global Business Resource Center The insights and advice you need, everywhere you do business. BDO Center for Corporate Governance Equipping boards with valuable resources to address growing responsibilities. We’ve created the BDO Library as a “go to” source for informative and thought provoking knowledge resources. We’ll host up to a 2 hour meeting to review our findings and recommendations, answer any further questions and outline how we’ll work together.

With strong industry partnerships in place, we can connect you with experts who can provide enhanced value to your organization. We provide government contract accounting services and consulting to both startups and multi-national organizations, which means that our team has the flexibility to tailor our services to your precise needs at your exact stage.

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