Government Contractor Accounting

Our government contractor accounting professionals have been working with government contractors for up to 40 years.

Government Contractor Accounting

Our commitment to government contractors is to develop a solid business and compliance foundation while Building on Profitable Ideas. The level of scrutiny and risk associated with working with the federal government creates unique business challenges for this industry. These include: emphasis on “commercial” pricing for contracts and proposals, increased pressure on profit margins, scrutiny from government auditors regarding project costs, competition for larger and more lucrative procurements, and expectation of exemplary customer satisfaction.

Our experience enables us to provide a high degree of technical expertise and sound business advice oriented specifically to this industry. We perform a wide range of traditional accounting services tailored to government contractors in a cost-effective and timely manner. These services include:

Government Contractor Accounting

  • 1408 System Review AuditFinancial statement audits
  • Reviews and compilations
  • Collateral audits
  • SF1408 system review audit
  • Tax planning and compliance
  • Outsourced accounting services
  • Litigation support
  • Valuations
  • Forecasts

Our company also offers clients a wide range of management consulting services to help government contractors effectively use their resources and achieve their objectives. These management consulting services include:

Government Contractor Consulting

  • Business consulting
  • CAS and FAR compliance
  • Incurred cost submissions
  • Indirect rate calculations
  • Cost proposal support
  • Assistance with accounting software review, selection, implementation & conversion of software systems**

**We have extensive experience working with QuickBooks and DelTek accounting software systems.

ICAT SystemsECC has partnered with ICAT Systems to provide DCAA-compliant, easy-to-use QuickBooks compatible software, training and support to help growing businesses confidently compete for and manage government contracts.

ICAT installs easily and works with QuickBooks, computing indirect rates and allocating indirect costs across one or more contracts. ICAT gives contractors added functionality for compliance, business development, contract management and reporting. Learn more about how ICAT fills the gap for DCAA compliance.

ECC has teamed with Aldebaron, Inc. (dba SYMPAQ) to provide the SYMPAQ system, a complete, cost-effective accounting software solution designed specifically for the needs of government contractors. SYMPAQ has been helping government contractors to meet their DCAA and FAR accounting requirements since 1991. Visit for more details.

E. Cohen and Company, CPAs is a proud member of the Small and Emerging Contractors Advisory Forum (SECAF), a non-profit organization committed to building a healthy, prosperous, and wholesome contracting community.