GovCon Wednesdays Estimated Read Time: 5 minutes One of the most common questions government contractors ask is deceptively simple: “Is QuickBooks Online enough, or do we need an ERP?” The answer isn’t one-size-fits-all and choosing the wrong system at the wrong time can create compliance risk, billing issues, and expensive rework later. This article breaks down QBO vs ERP for GovCons in a practical, compliance-focused way so you can make the… Read More
Accounting Systems & Controls
Are Your Numbers Telling the Truth? Cash vs. Accrual Explained—Fast.
Prepared by VSINGH CPA LLC As we close out the year, now is the perfect time to make sure your accounting method is giving you the clarity, accuracy, and compliance support your GovCon business needs. The method you use—Cash Basis or Accrual—directly affects your indirect rates, invoicing, forecasting, and audit readiness. This guide breaks down the differences in a simple, GovCon-specific way so you can enter 2026 with confidence. Accrual… Read More
GovCon Chart of Accounts
Using a Single Overhead Rate?Simplify Your Chart of Accounts: For easier tracking and reporting, consider structuring your general ledger accounts as follows: direct costs starting with 5, fringe with 6, overhead with 7, G&A with 8, and unallowable costs with 9. While you’re free to customize the numbering to suit your preferences, this sequence provides a clean, intuitive framework that keeps things simple and consistent.