Accounting Services & Support for Government Contractors

Overview

Government contractors rely on accurate financial data, cost structures aligned with government contract accounting requirements, and reliable monthly reporting throughout every phase of the contract lifecycle. Redstone GCI provides accounting services for government contractors that need experienced professionals to manage their accounting operations, strengthen their processes, or add technical expertise when internal capacity falls short. Our accounting team supports day-to-day operations, monthly close, indirect rate monitoring, and financial reporting, and addresses larger needs such as pre-award accounting system preparation, system implementation, accounting cleanup, and staff training. Whether a government contractor needs ongoing accounting management, controller-level oversight, or targeted assistance with a specific accounting challenge, Redstone GCI delivers the technical expertise and practical guidance needed to support ongoing compliance and build a stronger financial foundation across the contract lifecycle.

Services

• Accounting System Readiness & Risk Analysis – Our team reviews your accounting structure, financial records, policies, and supporting documentation, identifies risks affecting DCAA compliance, accounting system adequacy, or future contract performance, and delivers practical recommendations so gaps are addressed before they create larger contract performance, billing, or audit issues. LEARN MORE
• SF 1408 & Pre-Award Accounting System Support – Our subject matter experts prepare government contractors for SF 1408 pre-award accounting system evaluations, assessing whether the accounting structure supports direct and indirect cost tracking, labor charging, billing requirements, and the documentation needed to respond to Government review questions. LEARN MORE
• Chart of Accounts & Cost Accounting Structure – We design or refine the chart of accounts, cost pools, project setup, and job cost structure so financial data flows accurately through billing, indirect rate calculations, reporting, FAR Part 31 cost allowability, and DCAA review expectations before contract activity becomes more complex.
• Contract Accounting Setup & Project Controls – Our team of experts establishes project structure, cost tracking, billing processes, labor charging, and reporting for newly awarded contracts, so contract requirements are reflected in the accounting system from the start.
• Accounting System Implementation, Optimization, & Software Support – Our team implements, optimizes, cleans up, and troubleshoots accounting platforms used by government contractors, including QuickBooks, Unanet, Deltek Costpoint, and other systems, and configures reporting to meet your operational and compliance needs. LEARN MORE
• Monthly Close & Financial Reporting – We perform or manage the monthly close, including account reconciliations, financial statement review, indirect rate updates, job cost reporting, and management reporting, so financial data stays accurate and ready for audits, reviews, and business decisions.
• Indirect Rate Monitoring & Reporting – Our subject matter experts calculate, monitor, and review indirect rates throughout the year, enabling government contractors to identify issues earlier and keep accounting data aligned with provisional billing rates, incurred cost reporting, and Government review expectations.
• Billing & Invoicing Support – Our team prepares and reviews invoices under cost-reimbursable, time-and-materials, and other contract structures to support accuracy, proper documentation, and alignment with contract terms.
• Incurred Cost Submission Readiness – We align project setup, cost pools, indirect rate tracking, billing practices, and documentation early in contract performance so incurred cost requirements are built into everyday accounting rather than reconstructed later. LEARN MORE
• Annual Incurred Cost Submission Support – Our team of experts prepares, reviews, and supports annual incurred cost submissions for government contractors and addresses related Government questions throughout the process. LEARN MORE
• Final Rate & Closeout Accounting Support – Our team reviews accounting records, reconciles project costs, supports final rate activity, and assembles the financial documentation needed for accurate and timely contract closeout and final billing. LEARN MORE
• Outsourced Accounting Support – We handle accounts payable, invoicing, payroll coordination, reconciliations, transaction processing, financial reporting, and other recurring accounting activities on an ongoing or temporary basis, including during staffing gaps and growth periods.
• Controller Support – Our team of experts delivers controller-level oversight, reviewing the monthly close, identifying errors or gaps, recommending corrections, and keeping accounting practices aligned with government contract requirements.
• CFO Support & Financial Management Guidance – Our subject matter experts deliver senior-level financial guidance on business performance, working capital, cash reserves, profitability, forecasting, and the financial metrics leadership needs to make informed decisions.
• Financial Compliance Support – Our team manages recurring obligations such as 1099 filings, business personal property reporting, and other accounting-related requirements for government contractors to help avoid missed deadlines or incomplete filings.
• Accounting Cleanup & Corrective Action Support – We identify and correct accounting issues, including errors in financial statements, subsidiary ledgers, job cost records, reconciliations, and system setup, resolving problems before they compound and creating a cleaner accounting foundation.
• Accounting Process Improvement – Our team of experts review accounting workflows, close processes, payroll reconciliation, indirect rate procedures, reporting practices, and internal controls, then identifies improvement opportunities and helps implement changes that enhance timeliness, accuracy, and operational efficiency.
• Accounting Training & Transition Support – Our subject matter experts deliver hands-on training for staff who are new to government contracting, taking on new responsibilities, or bringing outsourced accounting responsibilities in-house, covering accounting procedures, system workflows, documentation expectations, indirect rate concepts, monthly close responsibilities, and GovCon accounting practices.