GovCon Intelligence

Winning a government contract changes your accounting obligations overnight. The federal government requires a different financial system than commercial work, and the penalties for non-compliance hit your revenue directly.

The federal government rewrote major sections of the FAR, raised CAS thresholds by 1,300%, and changed how DCAA auditors evaluate your business systems. Contractors who miss these updates risk losing billing rates, triggering payment withholds, or failing their next audit.

QuickBooks is a capable platform for government contract accounting, when configured correctly. Here are the specific configuration steps that make the difference between passing and failing a DCAA audit.

Indirect rate calculation is one of the most misunderstood areas of government contract accounting. Here is how fringe, overhead, and G&A rates actually work, with step-by-step instructions.

Most small government contractors run accounting systems that would not survive a DCAA audit. Here are the core requirements every contractor needs to act on.