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Finance and Accounting Services

Get your books in order from day one.

Get end-to-end support in recording, maintaining, and analyzing your accounting books. From establishing polices, SOPs, internal controls, cost analysis, DCAA compliance, internal controls and financial statement preparation. We help you maintain financial integrity, ensure compliance, and optimize operations.

Our Finance and Accounting

Ensuring Compliance and Financial Success

Collaborate with our finance and accounting specialists to navigate regulations, optimize costs, and comply with audits.

Policies and SOP Development

Access comprehensive support in developing and maintaining your finance and accounting policies and standard operating procedures to meet DCAA and other compliances. With our CFO Advisory Services, your business is always fully prepared to address critical regulatory requirements.

Access comprehensive support in developing and maintaining your finance and accounting policies and standard operating procedures to meet DCAA and other compliances. With our CFO Advisory Services, your business is always fully prepared to address critical regulatory requirements.

Here's how we assist:

  • Timekeeping Policies: Establish and record timekeeping policies and procedures, including regular staff training and guideline communication, to ensure adherence to audit standards.
  • Expense Policies: Develop robust expense policies that encompass employee travel, documentation requirements, and the allocation of expenses to direct or indirect accounts, ensuring proper cost categorization.
  • Indirect Rate Structures: Get guidance for setting up and managing your indirect rate structures, ensuring clarity and compliance in your financial reporting.
  • Vendor Selection and Compliance: We review your vendor selection processes, ensuring that appropriate procedures, such as obtaining three quotes, are in place and documented.
  • Fraud Prevention and Compliance: Do you know where the Government Hotline for Waste, Fraud, and Abuse is located? We do and we can help uncover financial misconduct, gather evidence, provide expert testimony, and deal with GAO FraudNet procedures to fight fraud, waste, and misconduct.

Establishment of Internal Controls

Build robust internal controls that align with regulatory requirements and best practices to ensure compliance and operational efficiency. Effective internal controls ensure business protection and audit compliance. Here’s how we support you:


        Internal Controls Development: Design and implement internal controls tailored to your business. Prioritize risk management, financial accuracy, and regulatory compliance.
      • Training and Communication: We train your staff on internal control policies, including timekeeping, expense reporting, and other key areas and ensure these policies get communicated across the organization.
      • Monitoring and Testing: Regularly monitor and test internal controls to ensure they function as intended and adjust processes as needed to mitigate identified risks.
      • Segregation of Duties: Prevent errors while enhancing data safety. We actively review and enhance your segregation of duties and ensure that critical tasks are appropriately distributed among personnel to mitigate the risk of fraud.
      • Documentation and Reporting: Be audit ready. Maintain thorough documentation of all controls and procedures, provide clear guidance for staff to ensure regulatory compliance.
      • Compliance Support: Our team works with you to ensure compliance with government regulations, preparing your internal controls to withstand scrutiny from auditors and regulatory bodies.

With VSINGH CPA’s internal controls advisory, you can enhance your business’s reliability, improve operational efficiency, and demonstrate a firm commitment to compliance.

Provisional Billing Rates Management

Prepare and submit provisional billing rates to the Defense Contract Audit Agency (DCAA) each year while ensuring compliance and accuracy in interim billing. VSINGH CPA’s proactive approach involves a detailed budgeting process that sets you up for success. Here’s how we help:

  • Strategic Budget Planning: Once we conclude the 8th month of the fiscal year, we start the budget process where we evaluate historical costs, discover opportunities for cost-reduction and forecast the remaining four months. This allows us to manage rates from an ICS perspective and prepare accurately for next year’s provisional billing rates.
  • Collaboration with Internal Teams: By closely working with your HR, IT, Business Development, and Security teams, we ensure that all planned costs are accurately included in the budget for the upcoming year.
  • Revenue Forecasting: We collaborate with your program managers to collect projected revenue, integrating these insights into the budgeting process to create a realistic financial outlook.
  • Iterative Budget Review: Once the budget file is prepared, we engage in multiple drafts with your management team, refining the plan to ensure it aligns with your growth strategy and supports your provisional billing rate submission.

Get expert guidance and comprehensive support in developing provisional billing rates that are well-documented, accurate, and aligned with your strategic goals, ensuring a smooth submission process to DCAA.

Incurred Cost Submission Support

Prepare and submit your Incurred Cost Submission (ICS) before the deadline. By partnering with your accounting and contracts teams, we streamline the ICS preparation by integrating it into the year-end closing process and ensuring compliance. Here’s how we support you:

  • Proactive Data Gathering: Our proactive data gathering approach involves close collaboration with your accounting team during year-end closing, minimizing the effort required to compile information later.
  • Comprehensive Checklists: We compile a comprehensive checklist of items needed for a thorough ICS, ensuring all essential documentation is gathered during year-end.
  • Efficient ICS Submission: We save time and expedite ICS preparation, resulting in fast submissions that comply with all regulatory demands.
  • Post-Submission Support: After submitting the ICS, we remain available to respond to any inquiries or clarifications from the Defense Contract Audit Agency (DCAA), providing ongoing support to navigate the audit process smoothly.

With VSINGH CPA, you can be confident that your Incurred Cost Submission is meticulously prepared, timely submitted, and fully supported, allowing you to focus on your business growth.

Monthly-end Financial Closing

Stay on track with timely and accurate financial reporting. At VSingh, we ensure books are closed and financial statements are delivered to stakeholders within 20 days of the last material transaction for the period. During this 20-day window, we:

  • Ensure Complete Recognition: To ensure accurate financial reporting, we recognize all costs and book revenue in compliance with the latest accounting standards.
  • Balance Sheet Reconciliation: Reconcile all balance sheet accounts, verifying that carryover balances are fully supported and accurate.
  • Financial Analysis: Conduct detailed analysis of financials, focusing on labor, non-labor, and direct vs. indirect costs to ensure the business is operating at peak efficiency.
  • Timely Reporting: Stakeholders receive financial statements promptly, enabling them to make informed decisions based on up-to-date data.
  • Compliance Assurance: Ensure your financials meet the latest regulatory and accounting standards, reducing risk and enhancing credibility with stakeholders.

Due Diligence Support

At VSINGH CPA, we specialize in assisting GovCon sellers in preparing for a successful business exit. Our comprehensive approach ensures that you are fully equipped to handle any financial and accounting questions potential buyers may have. We work closely with your valuation team to determine an optimal sales price and collaborate with your tax professionals to structure the transaction in a tax-efficient manner. Our goal is to streamline the process, making it as seamless as possible for you. Here’s how we can help:

  • Financial Preparation: We help organize and maintain your financial records, ensuring that your books are accurate, up-to-date, and ready to meet buyer due diligence requirements.
  • Valuation Support: We collaborate with your 3 rd party valuation team to develop a thorough valuation report, helping to establish a realistic and competitive sales price.
  • Historical Record Management: We ensure that your financial records from the past 3-5 years are well-organized and readily available, providing potential buyers with a clear financial history of your business.
  • Tax Strategy and Planning: We work with your tax professionals to help structure the sale in a way that minimizes tax liabilities, allowing you to maximize your proceeds.
  • Due Diligence Support: We prepare and support you through the due diligence process, ensuring all financial documents and data are presented accurately to prospective buyers.
  • Transaction Coordination: We coordinate with legal, financial, and tax advisors throughout the transaction process, making sure all aspects of the sale are managed efficiently.

Ensuring Compliance and Financial Success

Collaborate with our finance and accounting specialists to navigate regulations, optimize costs, and comply with audits.

Why Choose Us?

  • With 20+ years of experience in the field, we are experts in navigating the unique financial challenges and regulations faced by Defense Government Contractors
  • In-depth knowledge of Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS) and Defense Contract Audit Agency (DCAA)
  • With a team of <need numbers here> experts, we can just dive in and lend a hand with your finance and accounting
  • We have transparent pricing policies. So, there are no surprises and hidden costs at the time of billing
  • Team of dedicated resources work with you to ensure you always have help

See What Our Clients Say About Us!

"VSingh is instrumental in providing accounting support, preparing provisional billing rates and indirect costs submissions, managing indirect rates throughout the year, handling DCAA audits, navigating the PPP Loan, and leading the QuickBooks to Unanet transition/implementation."

Caitlin C. Hussman,
CFO

Want To Optimize Your Contract Revenue?
Let's talk.

Call us on 703-936-6555 for a one-on-one consultation