Compliance Blog

Learn what a Preaward Accounting System Review entails and the SF1408 compliance criteria you need to have in place for DCAA compliance.

In government contract accounting, indirect costs are accumulated into cost pools, then allocated among those contracts benefitting from the indirect costs. How can you structure indirect cost pools in the QuickBooks chart of accounts to record indirect costs and satisfy SF1408 item 2(c)? 

Get up to speed on what is required for setting up an adequate accounting system. DCAA has provided information on their website to help contractors satisfy the requirements imposed by the Federal Acquisition Regulation (FAR) and Defense Federal Acquisition Regulation Supplement (DFARS), and know what to expect in an accounting system audit. We've compiled a list of key resources that small businesses should be familiar with.