GovCon Intelligence

Each government contract type demands a different book structure in QuickBooks. FFP contracts track revenue against milestones. Cost-plus contracts require full cost segregation and DCAA-adequate systems. T&M contracts need labor category rate tables and dual billing logic.

Provisional billing rates let government contractors bill indirect costs on cost-reimbursable contracts before final rates are established. First-time contractors must build rate proposals from budgeted costs, submit to DCAA or the ACO before the fiscal year begins, and monitor rates against actuals throughout the year.

Government contractors bill the federal government through three indirect rate pools: fringe, overhead, and G&A. Each pool captures different cost types, uses a different allocation base, and carries different DCAA audit risk. Getting the pools wrong inflates your rates, misallocates costs, and draws audit findings.

New government contractors repeat the same accounting mistakes year after year. Each one inflates billings, triggers audit findings, or disqualifies the contractor from cost-reimbursable work entirely. Amerifusion Bookkeeping identifies the seven costliest errors and how to fix them before DCAA arrives.

QuickBooks ships with a commercial chart of accounts that fails every DCAA requirement. Government contractors need direct cost accounts by contract, indirect cost pools, and unallowable cost segregation. This guide provides a ready-to-use template with 30+ accounts and step-by-step QuickBooks configuration instructions.

Every government contractor with a flexibly-priced contract must file an incurred cost submission within six months of their fiscal year end. This guide covers the required schedules, common rejection mistakes, and a month-by-month preparation timeline.

DCAA treats timekeeping as the highest-risk area in contractor accounting systems. This guide covers the 8 core requirements, floor check procedures, and how to build a compliant timekeeping system.

The SF 1408 pre-award survey determines whether your accounting system qualifies for cost-type government contracts. This guide covers all 14 evaluation criteria, 5 common failure points, and a preparation checklist.

DOGE has terminated over 10,000 federal contracts and put every government contractor on notice. This financial and compliance briefing covers which agencies are hit hardest, your legal rights, and 7 protective actions to take now.

FAR 31.205 defines which costs government contractors cannot charge to federal contracts. Missing even one category exposes your firm to questioned costs, penalty assessments, and indirect rate adjustments across every open contract.