Guidance and Support for Government Contractors

By: Jordan M. Lebowitz | July 09, 2015

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 help on an as-needed basis for:

By: Jordan M. Lebowitz | June 04, 2015

Michelle Gunderson 

After years of experience as a Senior Tax Officer for various companies, Michelle has joined our team as Government Accounting Specialist.


Michelle’s Capabilities Include:

  • Preparing monthly closings for government contracting firms
  • Monthly bookkeeping (e.g. QuickBooks)
  • Tax Returns
  • DCAA Audits
  • Annual incurred cost proposals
  • Prepare timely compliance testing
  • General Consulting (i.e. Government Accounting)
  • Rate Development

(To view a full list of Arrowhead’s government accounting offerings, visit our website.)


Remember, the requirements for proper government accounting span across businesses of all sizes and industries, and should be customized on a case by case basis.


Arrowhead Solutions can proactively safeguard your business ...

By: Jordan M. Lebowitz | March 26, 2015

Important Update

52.237-10 -- Identification of Uncompensated Overtime.


As prescribed in  37.115-3 , insert the following provision:


Identification of Uncompensated Overtime (Mar 2015)


(a)  Definitions . As used in this provision --


“Adjusted hourly rate (including uncompensated overtime)” is the rate that results from multiplying the hourly rate for a 40-hour work week by 40, and then dividing by the proposed hours per week which includes uncompensated overtime hours over and above the standard 40-hour work week. For example, 45 hours proposed on a 40-hour work week basis at $20 per hour would be converted to an uncompensated overtime rate of $17.78 per hour ($20.00 x 40 divided by 45 = $17.78).


“Uncompensated overtime” means th...

By: Jordan M. Lebowitz | October 07, 2014

Most likely, your answer to this question is, “I don’t know”.


It's often the case that a company thinks maybe they could be ready for a DCAA audit, but has little confidence that they would pass. On the other end of the spectrum, are you a company who thinks you're definitely ready for DCAA because you have an expensive or robust accounting and/or timekeeping system?


Unfortunately, if you never had DCAA in your office before, then you probably are not ready, regardless of your systems.


Contrary to what you may have heard, you cannot “buy” a DCAA-approved accounting system. No accounting or timekeeping system has ever, or will ever, receive DCAA’s stamp of approval. As a government agency, they will not endorse a product in that manner. In a...