Estimated read time: 6 minutes 🚀 Key Takeaways Point 1: Contract value is not the same as available funding. Options, future task orders, and incremental funding can make the headline award value much larger than the amount currently available for performance. Point 2: Backlog needs clear categories. Separate funded backlog, unfunded contractual backlog, options, and pipeline so leadership understands the certainty behind the forecast. Point 3: Burn must include the… Read More
Federal Fiscal Year-End
Federal Fiscal Year-End Checklist for Government Contractors | GovCon Wednesday
Estimated read time: 6 minutes 🚀 Key Takeaways Point 1: September 30 is a checkpoint—not automatically your accounting year-end. The federal fiscal year runs from October 1 through September 30, but a contractor may use a calendar year or another fiscal year for its accounting records and applicable indirect-cost submissions. Point 2: Review contracts and accounting together. Funding, billing, labor, indirect rates, and unallowable costs should be reviewed as… Read More