Government Contracting
Voucher Preparation
Electronic Agency Submissions
Full Service
Back Office Accounting
Annual Cost Submissions
DCAA
Tracking
Incurred Burden Rates
Payroll
Tax Preparation Assistance
Government Contracting Development and Support
Accounting Systems, Standards, and Policies: Effective accounting systems are crucial for accurate financial reporting. They include components like the general ledger, subsidiary ledgers, and financial statements. Accounting standards (such as GAAP or IFRS) ensure consistency. Policies cover revenue recognition, expense recognition, inventory valuation, and depreciation.
Direct Costs and Unallowable Costs: Direct costs (e.g., materials, labor) are directly tied to specific projects. Unallowable costs (e.g., entertainment expenses, personal costs) cannot be charged to projects.
Indirect Cost Allocation: Indirect costs (e.g., overhead, administrative salaries) are necessary for operations but not project-specific. Allocation methods (e.g., activity-based costing) distribute these costs appropriately.
Tailored Solutions to Help Small Businesses
Starting in government contracts as a small business can be overwhelming. SingerLewak Business Solutions Group offers tailored solutions to help small businesses navigate the complexities of government contracting. Connect with us to discover how we can streamline your operations and keep you in compliance. Let’s work together to help your business succeed!
Watch How