$50 Million Mistake: Why Your Accounting System Isn’t Ready for Government Contracts!

Govcon Giants

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8d ago 9:13

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In today’s episode of The Daily Windup, I’m talking with an expert who breaks down one of the most overlooked and dangerous parts of government contracting—pricing and accounting systems. Too many small businesses try to limp along with QuickBooks, only to hit a wall the second they go after cost-plus contracts. That’s when the government starts looking at your systems, your policies, your people—and if you’re not ready, you could get crushed by a DCAA audit. We’re seeing these audits more often now, especially with contracts at $50 million and above, and it’s not just about the software. It’s about compliance, procedures, and proving that your numbers tell the right story.

We also dive into the world of “price to win” consulting—a specialized skill that can make or break your bids. It’s not about guessing a number; it’s about knowing the competitive range and understanding what your rivals will do to win. But here’s the kicker: the people who do your pricing shouldn’t be the ones doing your price-to-win. That’s a conflict of interest that could land you in serious trouble. In this episode, you’ll learn why separating those functions matters, which accounting systems are worth upgrading to, and how to avoid being blindsided by the government when you’re chasing bigger contracts.

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