• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Accounting Blog | Fairfax VA CPA firm

Accounting Blog | Fairfax VA CPA firm

  • Home
  • About Us
  • Contact

PBR True-Up

Year-End Incurred Cost Submission (ICS): What GovCons Need to Know

October 22, 2025 by Vik Singh

DCAA Incurred Cost Submission (ICS) reconciliation of actual indirect rates vs provisional billing rates under FAR 52.216-7.

GovCon Wednesday’s Your Guide to Wrapping Up the Fiscal Year RightEstimated Read Time: 8 minutes You’ve used Provisional Billing Rates (PBRs) to recover indirect costs throughout the year but now it’s time to settle up. The Incurred Cost Submission (ICS) is where estimates meet reality. In Part 8 of VSINGH CPA’s 10-part series, we walk through what the ICS is, why it’s critical for federal contractors, and how accurate PBRs can make… Read More

Filed Under: PBR Tagged With: DCAA Compliance, FAR 52.216-7, Final Billing Rates, GovCon Accounting, Government Contracting, ICS GovCon, Incurred Cost Submission, Indirect Rates, PBR True-Up, Provisional Billing Rates, Year-End Closeout

Primary Sidebar

Recent Posts

  • What Happens After a DCAA Audit? The Post-Audit Roadmap GovCons Should Expect
  • Payroll Reimbursements for GovCons: Why QBO Users Should Move Toward Accounts Payable
  • DCAA Audit Outcomes: Pass, Deficiency, or Corrective Action — What Happens Next for GovCons
  • Jury Duty Leave Explained: Pay, PTO, and Compliance for Employers
  • How to Respond to DCAA Requests: A Practical Playbook for Government Contractors

Recent Comments

No comments to show.

Archives

  • April 2026
  • March 2026
  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • June 2025

Categories

  • Accounting Systems & Controls
  • DCAA Audit Readiness
  • GovCon Compliance
  • GovCon Insights
  • ICS
  • PBR
  • SBA & Socioeconomic Compliance
  • Year End

Copyright © 2026 VSINGH CPA LLC - All Rights Reserved