Federal Contract and Grant Accounting Support That Scales
Our outsourced accounting, interim controller and staffing support, and industry-aligned advisory services strengthen your accounting operations in complex federal funding environments — helping you maintain compliance with GAAP, 2 CFR 200, FAR, DFARS, DCAA, DCMA, business systems and cybersecurity requirements.
Outsourced accounting can help you reduce the cost and complexity of hiring, training, and managing an internal accounting team while giving you access to experienced professionals, advanced technologies and compliance support.
Our outsourced accounting, interim controller and staffing support, and industry-aligned advisory services strengthen your accounting operations in complex federal funding environments — helping you maintain compliance with GAAP, FAR, DFARS, DCAA, DCMA, business systems and cybersecurity requirements.
Our federal contract and grant advisors can help you:
- Maintain accurate and timely financial reporting
- Streamline recurring accounting processes
- Scale accounting support as your contract or grant portfolio grows
- Reduce time spent on administrative accounting tasks so you can focus on core operations and strategic priorities
Day-to-Day Accounting Support That Understands Federal Contracts and Grants
Under an outsourced accounting model, Cherry Bekaert’s professionals can support accounting and finance functions that range from transaction processing and financial reporting to budgeting, forecasting and controllership advisory services.
This support helps you manage your accounting function with greater consistency, accuracy and visibility without having to build every capability internally.
Our services include:
- Month-end close
- General ledger management and reconciliation
- Revenue recognition
- Financial reporting
- Government contractor billing
- WAWF and payment system support
- Cash management
- Forecasting and budgeting
- CFO and controller services
Customer/Funding Reporting Requirements
Federal contracts and grants require accurate, timely reporting aligned with the requirements of the awarding agency and funding vehicle. Cherry Bekaert’s outsourced accounting professionals help you maintain reliable financial information and support reporting requirements throughout the funding lifecycle.
Our services include:
- Financial and project reporting
- KPI dashboards
- Project and backlog tracking and reporting
- Government contractor billing and payment system support, including WAWF and IPP
- Reporting support for agency-specific requirements, including DoD, NIH and DOE funding
With clearer visibility into project costs, financial performance and federal awards, your business can better manage reporting responsibilities and make informed business decisions.
Audit Representation and Support for Federal Awards
Government contractors and grant recipients may face audits and reviews from DCAA, DCMA, DFAS, inspectors general and other awarding agencies. Cherry Bekaert’s government contract and grant professionals provide audit support and representation to help you respond to requests, address compliance requirements and strengthen audit readiness.
Our audit support services include:
- DCAA and DCMA audit support
- Representation during DCAA, DCMA, DFAS, Uniform Guidance and inspector general audits
- Participation in meetings and negotiations with contracting officials
- Mock reviews and business systems assessments
- Support responding to audit requests
- Corrective action and accounting system guidance
With knowledgeable support throughout the audit process, you can better address agency scrutiny, reduce compliance risk and maintain focus on managing your federal awards.
Interim Controller Support When You Aren’t Ready To Hire Full Time
As your organization grows, transitions staff, or takes on more complex federal funding, you may need stronger accounting leadership — even if a full-time CFO or controller is not the right next step.
Cherry Bekaert’s outsourced accounting model includes access to CFO and controllership advisory services, giving you experienced support for higher-level financial oversight, reporting, budgeting, forecasting and process improvement.
Interim controller support can help you:
- Improve oversight of accounting operations
- Strengthen financial reporting and close processes
- Support budgeting, forecasting and management reporting
- Stabilize accounting operations during growth, transition or increased compliance demands
- Build a more scalable finance function as your organization evolves
Better Systems, Reporting and Visibility To Manage Federal Awards
Modern and scalable accounting systems are essential for managing government contracts and grants compliance. Cherry Bekaert’s outsourced accounting services use cloud-based ERP technologies to support financial data access, reporting, security and operational efficiency.
For government contractors and grant recipients, systems such as Unanet GovCon and Deltek Costpoint can support project accounting, resource management, financial management, time and expense tracking, automated billing and revenue recognition, compliance management, and reporting visibility.
Cherry Bekaert can help you leverage technology to:
- Centralize financial operations
- Improve access to reliable financial data
- Support project and cost tracking
- Improve visibility into financial and project performance
