Expert Insights on Government Contract Accounting

WrkPlan’s fully integrated, all-in-one ERP platform makes it easy to manage the accounting and financial aspects of federal government contracting.  This is possible because our system includes all the necessary components, which are synchronized and in communication with each other. Consider your labor distribution and the associated cost accounting. In WrkPlan, setting up contracts and […]

Government contractors need to be familiar with the different types of contracts and the differences between them. This primer was written to help contractors to develop a foundational knowledge of government contracts, as well as the challenges and opportunities for each contract type. ‍ Why contract type matters Risk allocation: Who bears the risk of […]

This is the second part of the “Advantages of WrkPlan’s Fully Integrated System” series.  Click this link to read the first article, if you haven’t already done so. WrkPlan’s fully integrated, all-in-one ERP platform makes it easy to manage the accounting and financial aspects of federal government contracting.  This is possible because our system includes […]

When preparing a bid for a particular contract, government contractors include a forecast of the direct cost for executing that contract, as well as an allocation of anticipated indirect costs.     Indirect costs are business expenses that are not directly attributable to a particular contract. Examples include rent, property taxes, executive salaries, fringe benefits, […]

This is the third part of the “Advantages of WrkPlan’s Fully Integrated System” series.  Click these links to read the first article or the second article, if you haven’t already done so. WrkPlan’s fully integrated, all-in-one ERP platform makes it easy to manage the accounting and financial aspects of federal government contracting.  This is possible […]