Many clients in the start-up service contracting business to the federal government have recently experienced DCAA audit difficulties, suspended billings or negative marks on pricing proposals for not having addressed job cost accounting and business system issues involving Federal Acquisition Regulation (FAR) Cost Accounting Standards (CAS) requirements. This article will address the basics of resolving those issues in a service contracting start-up environment.
Source: SMALL BUSINESS FEDERAL GOVERNMENT CONTRACTING (SBFGC): SMALL BUSINESS JOB COST ACCOUNTING BASICS
DCAA AUDITS AND SMALL BUSINESS JOB COST ACCOUNTING SYSTEMS
Small Businesses typically have a learning experience growing into government contracting. Part of that process is
