Strategic Consulting Solutions, Inc.

Preparing for a DCAA Audit: Pricing and ICS Audits

Contracting with the Federal Government grants the DCAA authority to audit your accounting system. The DCAA conducts audits depending on whether this is a Pre-Award Review (before receiving a contract award) or a Post-Award Review (after receiving a contract award). Either way, it is critical to ensure that your accounting system is compliant with DCAA […]

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Key Elements of a Compliant Accounting System

While many factors can come into play during an accounting system review, there are several key components that make up a compliant account system.  Our goal is to provide you with the top 10 areas that make or break an accounting system when audited by Defense Contract Audit Agency (DCAA). 1. Segregation of Costs by […]

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Have I Outgrown Quickbooks?

QuickBooks is a great accounting system for small Government Contractors.  It can be designed and used in a manner that is considered DCAA compliant and can pass an accounting system audit.  Many companies find QuickBooks to be an ideal fit for their company.  However, we are often asked the question ‘How will I know when […]

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Decoding FAR Part 31…..What are ‘Unallowable’ Costs?

  As a government contractor it is imperative that you segregate your unallowable costs from your allowable costs.  Sounds simple, right?  Maybe for those that have made it their goal to become scholars of the Federal Acquisition Regulations (a.k.a. FAR) in their spare time, but for most it can be guesswork at best. I’d like […]

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