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Contract Accounting Made Easy

At preferred accounting, llc, we have a clear understanding of how contract accounting works in Washington, DC. We team up with numerous federal agencies needing assistance to comply with reporting regulations. Under each of our engagements, our principals have prepared deliverables covering the gamut of financial reporting. We do so with guidance that is specific to your agency's requirements, with a heavy focus on:

Budgetary-To-Proprietary Relationships | General Ledger and Sub-Ledger Analysis | Financial Statement Preparation | Comprehensive Audits | Attestations and Scope Of Services

Men Shaking Hands

Our Clients

We provide financial management services and compliance oversight to various government agencies. A few examples include:

• The Executive Office of the President (EOPOTUS)
• The Federal Highway Administration (FHWA)
• The Federal Housing Administration (FHA)
    • The Federal Transit Administration (FTA)
    • The Transportation Security Administration (TSA)
    • The United States Agency for International Development (USAID)
    • The US Senate: Sergeant At Arms


    Our principals have acquired, among other talents, a thorough understanding of financial accounting systems including, but not limited to:

    • Oracle® Federal Financials
    • PeopleSoft™
    • J.D. Edwards®
    • FAMIS®
    • Deltek®
    • Peachtree® or Sage 50®
    • Great Plains®

    Key Duties

    In addition to the skill sets mentioned above, our key personnel have performed a range of services for the Federal Government. These include:

    Instruction On Federal Financial Accounting Standards | Financial Management Training | Office of Management and Budget (OMB) Workshops | Cost Allocation Plan Reviews and Preparation Per 2 CFR Part 200 and 225 | Defense Contract Audit Agency (DCAA) Compliance