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
GovCon
How to Set Up a DCAA-Compliant Accounting System | GovCon Wednesday
Estimated Read Time: 6 mins Takeaways Point 1: The Immediate Fix. No software platform is “DCAA-approved” right out of the box. True compliance requires intentionally structuring your general ledger around distinct cost objectives and logical allocation bases under DFARS 252.242-7006. Point 2: The Compliance Risk. Failing to isolate unallowable costs or failing to reconcile your job-cost ledger with your general ledger creates structural audit risk. Under DFARS 252.242-7005, an unoptimized system with material weaknesses can trigger… Read More