Managed Accounting Services
Govcon Accountants provides complete turn-key, all-inclusive, full-service DCAA-compliant managed accounting services to government contractors nationwide. If your goal is to have your accounting function professionally managed by an accounting firm with deep expertise in DCAA compliance, you will be interested in our Managed Accounting Service. In this case, you are interested in leveraging your core business capabilities by outsourcing administrative accounting functions to free up more time to pursue business growth. You are looking for a solution that will interface seamlessly with your company and quickly become part of your team.
When your accounting system is DCAA-compliant, you will qualify to bid on more and larger federal contracts and even subcontracts with major prime contractors. We’ll bring your accounting system into compliance with DCAA requirements.
Customer billing, payroll, accounts payable, 1099s, timesheet management, accrual-based accounting, monthly closes, bank and credit card reconciliations, expense report processing, financial reporting, DCAA audits, incurred cost submissions, provisional billing rates.
Due to efficiencies that we bring to the relationship, our cost will be less than what you will pay to hire, train and supervise in-house accounting staff of comparable experience and skill set. Our monthly fee is easy on your cash flow and is based on one percent of your revenue.
The monthly fee for our managed accounting service is based on 1% of your monthly revenue, or $5,000 per month, whichever is greater. For instance, if your monthly revenue is $600,000, your monthly fee is $6,000. If your monthly revenue is $400,000, your monthly fee is $5,000 (the monthly minimum). Although we do not have a minimum-sized client that we will work with, we recommend that your annual revenues be at least $3 million or more before engaging us for our turn-key, full-service, all-inclusive Managed Accounting Service.
1% of your monthly revenue, or
$5,000 per month, whichever is greater