Government contractors are faced with accounting rules and regulations that those in the commercial sector rarely (if ever) have to worry about. Doing business with the government means that you must adhere to complex governance and compliance rules. Government contractors must collect and retain detailed information to comply with audits by agencies such as the DCAA [...]
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Dynamics SL Well Suited for Government Contractors’ Unique Accounting Needs
Doing business with the government creates great opportunities and challenges. On the one hand, the Federal government is the largest purchaser of goods and services in the world. But governments are answerable to their stakeholders – the citizens. This creates a myriad of rules, regulations, governance, and compliance. Government contracting means facing DCAA audits and [...]
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