How to Set Up Your Books for Government Contracts — DCAA Compliance Explained #governmentcontracts

本站添加: 2026-05-17

[00:00:00]The highest paying client your business can have is the government, but most companies don't get them as a client.

[00:00:06]Not because they aren't qualified, not because they don't have the experience, but because they fail the audit before they even get a shot at the contract.

[00:00:16]Before a government contracting officer approves [music] you for a job, the DCAA comes in and reviews your entire financial infrastructure, >> [music] >> and they are looking for very specific things.

[00:00:27]Your chart of accounts must be set up in a very specific way.

[00:00:31]Your payroll needs to be divided between direct and indirect labor.

[00:00:35]And you need written accounting policies such as an indirect rate policy, a timekeeping policy, job costing structure, and the list goes on.

[00:00:45]If any of these are missing, you're out no matter how strong your proposal is.

[00:00:50]Most companies find this out the hard way after they've already [music] lost the contract. At Pristine Financials, we build your financial infrastructure the right way.

[00:01:00]So, when auditors walk in, you walk out with a clean audit report and a real shot at the contract.