GovCon Wednesdays Estimated Read Time: 5 minutes If you’re bidding on cost-type or flexibly priced government contracts, chances are you’ve heard of SF 1408 and possibly dreaded it. For many contractors, the form feels intimidating, overly technical, or like a pass/fail test they don’t fully understand. In reality, SF 1408 is not meant to trip you up. It’s a structured way for the government to assess whether your accounting system can… Read More
GovCon Accounting Systems & Controls
GovCon Accounting Systems & Controls Series #1: What Makes an Accounting System DCAA-Compliant?
GovCon Wednesdays Estimated Read Time: 5 minutes Winning (and keeping) government contracts requires more than competitive pricing and technical expertise. Your accounting system plays a critical role in whether you can bid on cost-type work, bill the government accurately, and withstand audit scrutiny. One of the most common misconceptions we see is this: “DCAA-approved accounting system” isn’t a formal certification. Instead, the Defense Contract Audit Agency evaluates whether your system meets specific criteria designed… Read More