Advice

Summary of Key Points Standard ERP evaluation questions about scalability, integrations, dashboards, and workflow automation do not reveal whether a system can produce accurate, traceable, and defensible financial data under DCAA audit conditions. Five GovCon-specific questions predict audit outcomes better than any commercial feature list: whether indirect rates calculate directly from the general ledger, whether…

Summary of Key Points Monthly bookkeeping keeps the books current. Monthly accounting services are supposed to explain what the numbers mean, and many providers market the second while delivering only the first. Real recurring accounting includes a close completed within a predictable window, reconciled bank, credit card, and loan accounts, financial statements someone actually reviewed,…

Summary of Key Points The phrase we will just configure it usually means a gap surfaced between what the ERP does natively and what DCAA expects, and the team decided to build around it instead of treating it as a disqualifying finding. Routine customization is normal. The risk is recreating compliance-critical functions such as indirect…

Summary of Key Points The accounting structure that supported a smaller business stops keeping pace as entities, locations, departments, and reporting requirements accumulate, and there is no fixed revenue threshold where that happens. The clearest signs are a monthly close that takes longer every quarter, reports living in one-off spreadsheets only their author can maintain,…

Summary of Key Points DCAA does not certify accounting software or maintain an approved ERP list. Auditors evaluate the complete accounting system—software, configuration, processes, controls, and reporting—against the adequacy criteria in SF 1408. Auditors review whether the ERP properly separates direct and indirect costs, accumulates costs by contract, identifies unallowable expenses, supports interim billing, follows…

Summary of Key Points Government contractors often outgrow basic accounting software as contract volume, subcontractor activity, indirect-rate structures, billing requirements, and incurred cost submissions become more complex. At that point, ERP selection becomes a long-term financial architecture decision rather than a simple software upgrade. A GovCon ERP must support contract-level cost accumulation, indirect cost pools,…

Summary of Key Points Virtual CFO services give mid-sized companies CFO-level forecasting, cash flow strategy, capital planning, KPI development, and executive decision support without the cost of a full-time financial executive. A controller focuses on accurate records, timely closes, and reliable financial statements, while a fractional CFO interprets the data, models future scenarios, and advises…

Summary of Key Points Financial planning for business growth is an ongoing process that aligns available resources with strategic goals, helping businesses avoid cash shortages, capacity constraints, and stalled expansion. Effective strategic financial planning rests on four pillars: realistic forecasting, proactive capital planning, scenario analysis, and risk management. Forecasts should reflect historical performance, pipeline data,…