Contract Accounting
Contract accounting is a critical aspect for government contractors, necessitating meticulous attention to detail and compliance with intricate regulatory frameworks. As government contracts often come with stringent reporting requirements, staying on top of contract accounting ensures adherence to regulations, accurate financial reporting, and optimal project management. It involves tracking contract costs, revenue recognition, indirect rate calculations, and ensuring compliance with Federal Acquisition Regulation (FAR) and Defense Contract Audit Agency (DCAA) guidelines.
At CRI, we specialize in providing comprehensive contract accounting services tailored to the unique needs of government contractors. Leveraging our expertise in navigating the complexities of government contracts, we offer solutions designed to streamline accounting processes, mitigate compliance risks, and optimize financial performance. From project and workforce set-up to spend plans and EAC development, our dedicated team empowers government contractors to focus on their mission-critical objectives while ensuring financial integrity and regulatory compliance every step of the way.
Our Contract Accounting Services
Project Set-Up
Our Project Set-up service ensures seamless initiation, establishing robust frameworks for project management, budgeting, and resource allocation, laying the foundation for successful contract execution.
Monthly Contract Review
Our Monthly Contract Review service offers meticulous scrutiny of project progress, financial health, and compliance adherence, providing actionable insights to steer projects towards success and mitigate risks.
EAC Development
Our Estimate At Completion (EAC) Development service involves meticulously analyze project expenses, adapting forecasts based on real-time data and changing project variables to provide clients with comprehensive insights essential for strategic financial planning, risk mitigation, and efficient resource allocation.
Government Compliance
Our Government Compliance service ensures adherence to regulatory requirements and contractual obligations, safeguarding against penalties and reputational risks while maintaining trust and credibility with government partners.
Workforce Set-Up
With Workforce Set-up, we tailor staffing solutions to project needs, optimizing team composition and skill alignment to enhance productivity and project performance.
Project Spend Plans
Through Project Spend Plans, we strategize and allocate resources effectively, fostering budgetary discipline and maximizing the value of project investments.
Reporting & Analysis for Internal & External Customers
Our Reporting & Analysis service delivers comprehensive and tailored reports to both internal stakeholders and external clients, fostering transparency, accountability, and informed decision-making.
