Government Contracting Accounting Services

Cost Accounting Standards (CAS) Compliance

We ensure your accounting practices comply with the Cost Accounting Standards (CAS) set forth by the government.Our services include:
  • Developing CAS-compliant accounting systems.
  • Implementing and maintaining cost accounting practices.
  • Regular reviews to ensure ongoing compliance.

Federal Acquisition Regulation (FAR) Compliance

Compliance with the Federal Acquisition Regulation (FAR) is critical for government contracts.We provide:
  • Guidance on allowable and unallowable costs.
  • Ensuring all financial practices align with FAR.
  • Support in navigating complex regulatory requirements.

Indirect Cost Rate Development

Accurate and justified indirect cost rates are crucial.We assist with:
  • Developing and negotiating indirect cost rates with government agencies.
  • Preparing and submitting incurred cost proposals.
  • Ensuring proper allocation of costs to maximize recovery.

Audit Preparation and Support

Be prepared for audits with our comprehensive support:
  • Pre-audit preparation to ensure all systems and records are in order.
  • Liaison services during audits to address auditor requests and concerns.
  • Post-audit support to address findings and implement recommendations.

Proposal Pricing and Cost Volume Preparation

Our experts help you prepare competitive and compliant cost proposals:
  • Assisting in the preparation of cost proposals for government contracts.
  • Ensuring proposals meet all regulatory requirements.
  • Providing strategic pricing to enhance competitiveness.

Timekeeping and Labor Compliance

Accurate timekeeping and labor cost allocation are essential. We offer:
  • Implementation and maintenance of compliant timekeeping systems.
  • Ensuring accurate tracking and allocation of labor costs.
  • Regular audits to ensure compliance with labor cost regulations.

Internal Controls and Systems

Strong internal controls are vital for compliance and accuracy. Our services include:
  • Evaluating and improving internal control systems.
  • Implementing accounting systems that support government contracting requirements.
  • Continuous monitoring and improvement of control processes.

Contract Closeout Services

Smoothly close out completed contracts with our assistance:
  • Managing the financial aspects of contract closeout.
  • Ensuring all financial obligations are met and documentation is complete.
  • Resolving any outstanding issues to facilitate contract completion.

Training and Education

Stay informed and compliant with our training services:
  • Providing training for staff on government contracting regulations and compliance.
  • Keeping clients updated on changes in regulations and best practices.
  • Offering customized training programs tailored to your needs.

Why Choose Us for Government Contracting Accounting Services?

  • Expertise: Our team of experienced accountants and consultants specialize in government contracting, bringing deep knowledge of CAS, FAR, and other regulatory requirements.
  • Compliance: We ensure your business stays compliant with all relevant regulations, minimizing the risk of penalties or contract issues.
  • Accuracy: Our services improve the accuracy of your financial reporting, which is critical for government contracts.
  • Efficiency: We streamline accounting processes, allowing you to focus on your core operations and strategic goals.
  • Cost Recovery: Our expertise in cost accounting and indirect rate development maximizes your recovery of allowable costs.

Contact Us

Ready to ensure compliance and efficiency in your government contracts? Contact us today to learn more about our Government Contracting Accounting Services and how we can help your business succeed.

Our services:

Our Commitment to You

At WM Accounting & Bookkeeping LLC, we are committed to being more than just a service provider. We are your financial partner, working together to help you overcome challenges, seize opportunities, and achieve your financial aspirations. Our team is dedicated to your success and looks forward to serving you.