Guidance and Support for Government Contractors

Government AccountingSupport

FAR compliance is important regardless of DCAA being involved, as it is still required by your contract and good accounting is inherent to good business practices.


Ensuring compliance related to DCAA requirements will allow your business to continue a successful relationship with the government, while avoiding: repayments, penalties, delay or loss of contract and wasted resources on administrative duties.


Arrowhead can support your company through the following services:

 

  Accounting Systems & Oversight

  • Chart of accounts configuration
  • Budget preparation, balance sheet reviews and financial analysis
  • Accounting systems set up
  • Reconciliation, billing, WAWF, etc. 
  • Timekeeping implementation
  • Compliant policy and procedure
  • CFO-level support

 

  Indirect Cost (Wrap) Rates

  • Definition and calculation of indirect pools
  • Assistance in submission of Provisional Billing Rates to DCAA
  • Completion of Incurred Cost Proposal –Actual Indirect Rates at year end
  • Interim analysis of actual versus proposed rates

 

Audit Assistance

  • DCAA, DCMA and FAR compliance reviews
  • Audit preparation, guidance and assistance
  • Mock reviews prior to audit
  • Gap analysis of current compliance activities against government requirements
  • Guidance in changes necessary to be compliant

Our consultants utilize their decades of experience within the government accounting profession to support our clients. The requirements for proper government accounting span across businesses of all sizes and industries, and should be customized on a case by case basis.


Additionally, Arrowhead accounting consultants are CPA’s and can assist with:

  • Successfully passing pre-award system surveys
  • Negotiating with DCAA to validate allowable costs
  • Interpreting audit guidelines
  • Supporting DOE cost audits without side audit firms
  • Training for small businesses as well as large, complex companies


Arrowhead Solutions can proactively safeguard your business from government related accounting mishaps by providing hands-on assistance or in-house training. Contact us for a free consult.