Government Contracting

A great place to engage with industry experts and stay up to date on insights, technology trends and best practices to succeed in government contracting.

23 Results for Category Financial Management
System Investment for Mergers and Acquisitions

Preparing for the ‘When’ with Mergers & Acquisitions – Investing in Robust Business Systems

Preparing for a merger or acquisition for a government contractor often begins long before an offer is on the table. It actually starts when solutions and systems are selected to help run a business’ day-to-day operations. Learn how good investments can turn into great rewards for overall company value.

Read More
Deltek GovCon Clarity 2020

Deltek Clarity Finance & Financial Compliance Trends Emphasize Profitability & Cash Flow Especially Now

Finance and financial compliance leaders entered 2020 riding a wave of optimism, with healthy revenue growth and profit margins. A foundation that proved vital as the United States began to grappled with COVID-19. Keeping eyes on profitability and cash flow, many leaders made addressing disruptions in financial health their new benchmarks for success. See how they plan to run a tighter ship to navigate through uncertain waters into 2021.

Read More
Audit Obligations for Defense Contractors Banner

Audit Obligations for Defense Contractors

With nearly $3 trillion in U.S. military assets audited in 2018 and 2019, the Department of Defense (DoD) has made it clear that defense audits should be classified as an annual exercise rather than an occasional review. Prepare with some basics of DCAA and DCMA audit readiness and valuable tips on compliant asset management.

Read More
Time to Retire Generic Accounting Solution

Three Indicators It's Time to Retire a Generic Accounting & Management Solution

Evaluating the capacity of internal systems generally isn’t the number one to-do item for government contractors while managing a period of dynamic growth. Often times it’s not number two or even number 10. However, if a firm is relying on generic, mass-market solutions, such as QuickBooks®, for accounting and overall business management, as workloads increase, likely so do the problems. The time to pop the hood and review how a solution is truly performing is now before the first “check engine” light comes on.

Read More
Accounting Challenges Paining Small Businesses

Top Three Accounting Challenges Paining Small Businesses

Generic, out-of-the-box solutions, like QuickBooks®, are a common place to start for many small businesses managing government contracts. Though these solutions can hold small government contracting firms together initially, in the long run, vulnerabilities inevitably emerge that can put government contractors at significant risk. Specifically, what are the top accounting challenges that can impact a small firm’s day-to-day, and what are the answers they need to help keep the government as their client?

Read More
Where to Start with DCAA's New Accounting System Audits

Where to Start with DCAA's New Accounting System Audits

Government contractors are starting to see audit notifications from the Defense Contract Audit Agency (DCAA) as they enforce new accounting system compliance requirements. What can firms expect from these audits, when will they be informed and how can they best prepare? Partner expert Baker Tilly helps fill in a few blanks on the new rules of the road.

Read More
Are You on FIAR Yet

Are You on FIAR Yet?

All Department of Defense (DoD) suppliers are impacted by the Financial Improvement Audit Readiness initiative (FIAR). Primarily, it has to do with the costs charged to the DoD and whether the internal systems used to manage the details for government contractors match agency standards.

Read More
2019 Clarity GovCon Finance and Financial Compliance

Seeing the Glass Half Full with Clarity GovCon Finance and Compliance Trends

Finance and financial compliance leaders have gone on the record with the 10th Annual Deltek Clarity Government Contracting Industry Study… they are feeling bullish about the market, organizational growth and audit preparedness. But, will the optimism last?

Read More
DCAA and DCMA Audit Readiness

DCAA and DCMA Audit Readiness

The Department of Defense seems inclined to make defense audits an annual exercise. What audit readiness tactics and solutions could smooth the path for DCAA and DCMA reviews?

Read More
Three Common Accounting Myths in Manufacturing

Myth-Busting – 3 Common Accounting Myths in Manufacturing

Accountants today are playing a modern game using ancient rules. Review some of the top myths relating to accounting in manufacturing, and how holding tight to expired information can throw a business off balance.

Read More