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Archives for November 2025

Tip # 3: Year End – Reconcile and Analyze Accounts — The Core of a Clean Year-End Close

November 26, 2025 by Vik Singh

GovCon Wednesdays Estimated Read Time: 5 minutes Once your accounting system is ready and your team has connected with auditors and tax professionals, it’s time for one of the most critical parts of year-end closing: reconciling and analyzing your accounts. Reconciliation is more than a bookkeeping task it’s how you prove that your financials are accurate, your records are complete, and your company is audit-ready under DCAA and GAAP standards. Why… Read More

Filed Under: Year End

Tip # 2: Year End – Communicate Early with Tax Professionals & Auditors

November 19, 2025 by Vik Singh

GovCon Wednesdays Estimated Read Time: 5 minutes Closing out the year successfully requires more than accurate books it requires clear communication with the professionals who depend on your data. For government contractors, early coordination with tax advisors and auditors is one of the simplest ways to avoid filing delays, audit issues, and missed compliance deadlines. When your accountant or auditor has what they need when they need it your close becomes faster,… Read More

Filed Under: Year End

Tip #1: Year End – Know Your Accounting System

November 12, 2025 by Vik Singh

GovCon WednesdaysEstimated Read Time: 5 minutes Year-end closing doesn’t start with numbers it starts with your accounting system. For government contractors, knowing how your ERP or accounting software handles closing steps is critical. Whether you use Unanet, Deltek, QuickBooks, or another system, each one has its own year-end process to ensure your financial data is accurate, complete, and DCAA-ready. A clean close begins with organization. When your system is set up and… Read More

Filed Under: Year End

Are You Audit-Ready? Supporting Your PBR with Documentation

November 5, 2025 by Vik Singh

GovCon Wednesday’s Best Practices for Meeting DCAA ExpectationsEstimated Read Time: 8 minutes Submitting your Provisional Billing Rate (PBR) is a big milestone for any government contractor. But what happens after you hit “submit”? For many GovCons, the real challenge begins when auditors request support long after the initial PBR has been sent. The Defense Contract Audit Agency (DCAA) doesn’t just want to see your numbers. They want to see the… Read More

Filed Under: PBR

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Recent Posts

  • Tip # 6: Year End – Review Contract Status Reports & Submit Data to Tax/Audit Teams
  • Tip # 5: Year End – Prepare 1099s & Charitable Contributions
  • Tip # 4: Year End – Validate Revenue & Lease Entries
  • Tip # 3: Year End – Reconcile and Analyze Accounts — The Core of a Clean Year-End Close
  • Tip # 2: Year End – Communicate Early with Tax Professionals & Auditors

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