Accounting Services For Government Contractors
We transform complex government contract requirements into clear, manageable processes. Our specialized DCAA-compliant solutions prevent costly compliance issues and protect your ability to win future contracts.
Ensuring Your Business Sense Saves You Dollars and Cents.
WE ARE PROUD TO SERVICE OUR FRENCH-SPEAKING COMMUNITIES ESTABLISHED THROUGHOUT CALIFORNIA.
Accounting Solutions For Government Contractors
Our government contractor accounting services are designed to meet the specific needs of your business.
DCAA Compliance Management
Manage federal requirements, maintain compliant systems, and prepare for audits with confidence.
Contract Cost Accounting
Track direct/indirect costs, manage cost pools, and ensure accurate contract billing.
Incurred Cost Submissions
Prepare and submit timely ICE proposals that meet all DCAA requirements.
Rate Structure Development
Design and monitor indirect rates to optimize contract profitability and compliance.
Audit Support & Defense
Expert guidance through pre-award, post-award, and accounting system audits.
Financial System Design
Implement DCAA-compliant accounting systems that scale with your contract growth.
The LNB Promise
Our specialized team brings extensive DCAA audit experience, deep FAR/CAS knowledge, and a proven track record of helping contractors win and maintain federal contracts. Here’s how we protect and grow your government contracting business:
We Guard Your Compliance
We maintain perfect DCAA audit scores, handle all SF form submissions, and keep your accounting system audit-ready. No compliance surprises, no audit stress.
We Protect Your Profits
We structure indirect rates strategically, identify allowable costs, and optimize billing rates to maximize contract profitability without risking compliance.
We Scale Your Success
We prepare your systems for larger contracts, maintain pristine past performance records, and help you qualify for more lucrative federal opportunities.
Industries We Serve Beyond Government Contractors
Whether you’re managing nonprofit grants, overseeing construction projects, or managing the complexities of venture capital, we bring the same detailed attention and tailored solutions to every client we serve.
Industries We Serve:
FAQs
Still have some questions?
Let us know how we can help you.
What are accounting services for government contractors?
It includes financial management, compliance with government regulations, and accurate reporting to ensure your business meets all necessary standards.
Can LNB Accounting assist with government contract audits?
Yes, we provide comprehensive audit and assurance services to help you prepare for and manage government contract audits successfully.
How do I prepare my accounting system for a DCAA pre-award audit?
Your system must segregate direct and indirect costs, track labor by contract, and meet 18 DFARS criteria. Start preparation at least 3 months before bidding on your first contract.
What's required for compliant government contractor accounting in 2024?
You need DCAA-compliant accounting software, separate cost pools for each contract type, time tracking by project, and proper indirect rate calculations that meet current FAR requirements.
How do I calculate indirect rates for government contracts?
Indirect rates must follow your DCAA-approved structure, typically including fringe, overhead, and G&A pools. Rates should be monitored monthly and adjusted based on actual costs.
What triggers a DCAA accounting system audit?
Common triggers include winning contracts over $2 million, significant changes in contract type, or preparing for cost-reimbursable contracts. Proactive compliance reviews help prevent issues.
What's the difference between FAR and CAS compliance for government contractors?
FAR applies to all federal contracts, while CAS adds stricter cost accounting rules for contracts over $7.5 million. Your accounting system must accommodate both when applicable.