If the company wants to cover the basics, they will hire a staff accountant and forgo the expertise of a controller, finance director, and CFO. The problem is that a contractor needs all levels of expertise to be compliant with Government requirements. Outsourcing companies provide a full range of resource levels in part- and/or full-time capacity as required to manage the contractor’s accounting. We can assist with your regulatory issues with agencies such as DoD, DHS, GSA, HHS, SBA, USAID and the IRS. We help government contractors navigate the complexities of compliance with newly proposed ESG requirements under the Federal Acquisitions Regulation. Our team can assist in integrating ESG into your business operations and regulatory compliance strategy, while positioning your organization for competitive advantage.

With a dedication to quality and a purpose-driven culture, BDO offers a powerful choice both for clients and those seeking rewarding professional careers. View industry-leading technologies vetted & tested by Aprio for accounting, bill-pay, payroll, reporting, ecommerce https://www.bookstime.com/ and more. Stay ahead of your sales tax obligations with a team of state & local sales tax experts. Supporting all 50 states for your payroll & HR needs, Aprio has a team of experts to help you automate payroll & benefits so you can grow and retain your workforce.

The BDO Gov Con Week Ahead – October 2023

From the initial important decisions made in becoming an 8(a), to the first contract, to how the company is growing throughout the life of the program, we can help your 8(a) qualified business thrive and successfully graduate. Amid disruption, relationships with trusted advisors and industry veterans can help guide contractors on the road ahead. At BDO, our resources include experienced auditors, former government officials, former industry executives and longtime government compliance consultants.

Now that you know what to look for in outsourced bookkeeping services, start searching today! Don’t sacrifice quality, be diligent in your vetting, and find the right bookkeeper for your company so you can keep growing your business. What’s interesting about Botkeeper is that they don’t just provide your CPA firm with outsourced bookkeeping assistance, but an entire software platform (pictured below) to go along with it.

Aprio Government Contract Outsourced Accounting Services

Government contractors can trust that we are fully aligned as new standards are proposed or other issues emerge. When you work with us, your books will be in the hands of a Virginia CPA firm that is accessible, reliable, and qualified. Our firm is different because we’re owned and operated by a former DCAA auditor so we truly understand the challenges you face as a governmental contractor. Whether you need QuickBooks™ consulting, cloud bookkeeping solutions, or full-service accounting oversight, we’ll provide the level of support that works for you.

Although a contractor would have lower accounting costs, it is probable that the contractor will end up paying a much higher price in the future – from failing an audit, or losing contracts, or being unable to grow effectively. If contractors calculate their internal costs on meeting all the accounting requirements and having the appropriate infrastructure in place, they will find an outsourced solution is very competitively priced. Busy government contractors can trust outsourced bookkeeping services their accounting, audits, and taxes to us—gaining time and peace of mind. Our consultants focus on helping you minimize government contract compliance risk and maximizing contract profitability, so you can focus on managing your client relationships and growth. This allows us to be experts in our field applying efficiencies throughout our clients’ organizations. Additionally, it allows the company to purchase only those hours necessary to manage its accounting services.

DCAA-Compliant Managed Accounting Services for Government Contractors

If you’re looking for somebody to do 20 hours of work for you every week, some freelancers won’t be able to offer you that. You want a team that you can call day or night to get information when you need it, and you want to know exactly when to expect your regular statements. Look into how long the company has been around, read a little about the founder or founders, and see if their team is up to the standards you need. Look into the website’s accreditation first before you make any judgments.

• Checking a bookkeeper’s references is a great way to make sure you’re getting the right people to handle your financial records.
• If contractors calculate their internal costs on meeting all the accounting requirements and having the appropriate infrastructure in place, they will find an outsourced solution is very competitively priced.
• Overall, I believe Bench is a platform you can rely on to get streamlined solutions for bookkeeping and accounting processes.
• By applying an output-focused approach, we can help companies define and establish what resources are needed to produce long-term, value-driven outcomes—not just filling staffing needs.
• When you offshore, you are hiring someone else in another country and they become your “employee”.