Our Services

Government contract accounting is fundamentally different from standard accounting because it must comply with highly specific federal regulations, including the Federal Acquisition Regulation (FAR), Cost Accounting Standards (CAS), and agency-specific rules like those imposed by the Department of Defense (DoD) and Department of Energy (DoE). These contracts often require meticulous cost tracking, allowable/unallowable expense separation, indirect rate structuring, and audit-readiness at all times. Mistakes can lead not only to contract loss, but to regulatory penalties or failed audits.

At Peter Witts CPA PC, we’ve built our practice around this complexity. Unlike firms that "also offer" government accounting, we live and breathe it. Our systems are built for compliance with DCAA audit trails, cost proposal logic, and monthly contract billing expectations. Every system we implement is tailored to the contract type (cost-reimbursable, fixed fee, T&M, etc.) and designed to scale as your business grows.

Whether you're located in Virginia near defense hubs or running a biotech startup in California receiving NIH grants, our national virtual capabilities allow us to deploy compliant accounting systems remotely. Each engagement begins with a needs analysis and ends with a working system that satisfies both financial and regulatory stakeholders. Most clients select a package from our Virtual CFO Plans starting at $3,500/month, which includes not just bookkeeping, but full advisory and controller-level oversight.

Outsourced accounting for government contractors is more than handing off your books—it’s about having a financial partner who understands the contracting lifecycle and federal expectations. Traditional bookkeeping doesn't address indirect rates, cost pool allocation, or allowable cost tracking. That’s why federal contractors need a provider who integrates government compliance into everyday transactions.

Peter Witts CPA PC offers a deeply integrated outsourcing model. Our services include timekeeping compliance monitoring, payroll processing, accounts payable and receivable, and monthly financial reporting aligned with your contract structure. We also manage reconciliations, labor distribution, and invoice formatting for government submission platforms like WAWF or PMS. Each task is mapped to your funding structure to ensure audit-readiness.

Clients in remote locations, such as SBIR grantees in rural innovation zones or DoE-funded startups in the Southwest, receive the same level of service as those in Boston or D.C. Because our team operates virtually with secure portals, we ensure continuity regardless of location. Most outsourced services are embedded into our CFO packages, with full-service plans like The Platoon or The Battalion offering both operational support and monthly strategic guidance.

Our attest and advisory services help businesses maintain operational clarity and regulatory confidence. These services go beyond compliance—they enable strategic growth and proactive risk management. For government-funded businesses, advisory support must account for funding complexity, rate caps, and forward-looking audit preparation.

We provide review services, internal audit support, internal control assessments, and indirect rate analysis. Our advisory team supports pricing decisions, cash flow management, and even contractor purchasing system readiness. When you receive multiple funding streams—such as from NIH and DoD—it becomes critical to know where indirects are allocated and how to communicate cost structure to funding agencies.

Our firm has supported clients across all U.S. regions—from life sciences firms in Maryland to energy startups in Colorado—by providing these high-value insights. These services are commonly included in our Virtual CFO Packages, particularly starting at The Squadron tier, where controllership begins to supplement advisory functions. For clients preparing for future growth or complex audits, this support is essential.

DCAA compliance refers to adherence to the standards set by the Defense Contract Audit Agency, which oversees the financial management of DoD contractors. Compliance isn't just about having clean books—it's about having systems that enforce real-time rules around labor charging, segregation of costs, timekeeping, and indirect rate management. Failing a DCAA audit can mean suspended payments or disqualification from future contracts.

Our team includes professionals who have worked inside the DCAA. That first-hand knowledge allows us to go beyond checklists and actually simulate the audit environment you’ll face. We assess your readiness for SF1408 adequacy, prepare for incurred cost submissions (ICE), test timekeeping systems, and review internal controls for audit risk.

Because we work nationally—from defense-heavy states like Texas and Florida to emerging innovation centers in Oregon and Utah—we’re familiar with regional procurement practices and requirements. We deliver DCAA support as part of all CFO packages, and recommend at minimum The Squadron tier if you anticipate frequent audit contact or complex indirect rate submissions.

Federal contract invoicing is governed by strict rules under FAR and agency-specific systems. Unlike commercial invoicing, federal billing often requires supporting documentation tied to specific deliverables, labor hours, indirect cost allocations, and contract modifications. Getting this wrong not only delays payments—it can raise audit flags.

Peter Witts CPA PC helps clients implement and manage contract-specific invoicing protocols. We handle compliance with platforms like WAWF (Wide Area Workflow), PMS, and iRAPT, as well as aligning invoices with timekeeping, cost categories, and indirect rates. We also monitor accounts receivable for aging risk and reconciliation errors.

We support clients nationwide—whether you're invoicing out of an SBIR Phase II award in Massachusetts or a GSA contract in Arizona. Our invoicing support is embedded into Platoon- and Battalion-level CFO packages, where we combine transactional support with strategic guidance on billing structure and timing.

Cost proposals are not simply estimates—they’re a statement of your financial competency and compliance framework. When your indirect rates, cost categories, and justifications are weak or unrealistic, even strong technical proposals can be rejected. Winning in the federal space requires alignment between your pricing and your ability to execute within a compliant accounting system.

Our team helps clients prepare budgets, pricing narratives, rate justifications, and indirect rate models tailored for NIH, DoD, DOE, and other agencies. We ensure that your cost structure is not only competitive but defensible. We also work with you to integrate awarded budgets into live accounting systems and provisional billing rates.

Clients often engage us during the proposal phase and continue through award management. Our national footprint allows us to support first-time bidders in startup hubs like North Carolina or Colorado, as well as experienced contractors in D.C. or California. Proposal support is available à la carte or bundled within Platoon and Battalion CFO packages for seamless pre- and post-award transitions.

Peter Witts CPA PC helps clients implement and manage contract-specific invoicing protocols. We handle compliance with platforms like WAWF (Wide Area Workflow), PMS, and iRAPT, as well as aligning invoices with timekeeping, cost categories, and indirect rates. We also monitor accounts receivable for aging risk and reconciliation errors.

We support clients nationwide—whether you're invoicing out of an SBIR Phase II award in Massachusetts or a GSA contract in Arizona. Our invoicing support is embedded into Platoon- and Battalion-level CFO packages, where we combine transactional support with strategic guidance on billing structure and timing.

Virtual CFO services provide executive-level financial oversight for companies that are scaling under the unique conditions of federal funding. This includes forecasting, pricing analysis, regulatory interpretation, and financial planning—services that are too strategic for bookkeepers, and too specialized for generalist CPAs.

At Peter Witts CPA PC, our CFO services are built specifically for federal contractors and grantees. We offer indirect rate modeling, monthly cash flow forecasting, performance dashboards, and pricing consultation for new contracts. We regularly meet with leadership teams to interpret financial results and prepare for growth, investment, or expansion.

We’ve helped businesses across all U.S. regions transition from early-phase awards to large-scale, multi-year contracts. Whether you're based in a biotech corridor in Massachusetts or a defense corridor in Alabama, we provide the same hands-on advisory support. Our CFO packages—The General, The Squadron, The Platoon, and The Battalion—scale with your complexity, ensuring that the right financial expertise is always available.

Peter Witts CPA PC helps clients implement and manage contract-specific invoicing protocols. We handle compliance with platforms like WAWF (Wide Area Workflow), PMS, and iRAPT, as well as aligning invoices with timekeeping, cost categories, and indirect rates. We also monitor accounts receivable for aging risk and reconciliation errors.

We support clients nationwide—whether you're invoicing out of an SBIR Phase II award in Massachusetts or a GSA contract in Arizona. Our invoicing support is embedded into Platoon- and Battalion-level CFO packages, where we combine transactional support with strategic guidance on billing structure and timing.

NIH, DOE, and DoD grants come with high scrutiny and unique financial requirements. Grantees must submit timely and accurate reports, track funds across budget categories, and document cost justifications. Often, this level of accounting is more demanding than commercial grants, especially during drawdowns or audits.

We help clients implement grant-specific ledgers, track spending against approved budgets, and document allowable vs. unallowable costs. We also support drawdown requests, assist in preparing FFRs and SF425 forms, and reconcile actuals against expected burn rates. Our team understands the nuances of cost-sharing, participant support costs, and matching fund requirements.

Many of our clients operate out of leading innovation centers like Research Triangle Park, the Bay Area, or Boulder, but we also serve rural grant recipients with limited in-house capacity. We typically recommend starting with The Platoon CFO package or above for full-service grant management.

Peter Witts CPA PC helps clients implement and manage contract-specific invoicing protocols. We handle compliance with platforms like WAWF (Wide Area Workflow), PMS, and iRAPT, as well as aligning invoices with timekeeping, cost categories, and indirect rates. We also monitor accounts receivable for aging risk and reconciliation errors.

We support clients nationwide—whether you're invoicing out of an SBIR Phase II award in Massachusetts or a GSA contract in Arizona. Our invoicing support is embedded into Platoon- and Battalion-level CFO packages, where we combine transactional support with strategic guidance on billing structure and timing.

SBIR and STTR awards require much more than a good science or technology idea. They demand airtight financial compliance—often from startups with no accounting infrastructure. These programs require segregation of funds, time tracking by phase, indirect rate justification, and full readiness for programmatic and financial audits.

Peter Witts CPA PC specializes in working with first-time and repeat SBIR/STTR recipients. We implement compliant accounting systems, manage payroll, prepare drawdown documentation, and track expenses against budget narratives. We also support indirect rate proposals and help clients determine whether to elect safe-harbor rates or propose custom pools.

Whether you're located in an urban accelerator in Los Angeles or operating from a university spinout in Montana, we offer virtual support tailored to the funding agency. Our support is most often integrated into The General or The Squadron CFO plans, allowing you to scale service as your awards grow in size and scope.