CAVU

Accounting Services (Outsourcing)

We focus on providing quality, timely accounting, remaining government compliant and monitoring your key business metrics.

Small to medium-sized companies may not be able to afford to hire the CFO level professional. Yet that level of experience is crucial to help a company position itself to grow and thrive. We can provide the “clerk to CFO” breadth and depth of expertise for less than it would cost our small outsourced accounting clients to hire one full-time accounting staff member.

Regardless of size, companies doing business with the federal government are required to be DCAA compliant. The price point for many accounting systems can be prohibitive for small to medium-sized companies, yet the efficiencies gained through the implementation of these systems are invaluable. CAVU is a partner for Unanet, a robust financial and forecasting tool. We also have system expertise in Deltek, QuickBooks and Microsoft products. This allows us to bring a variety of systems to our outsourced clients at an affordable price.

CAVU provides virtual back-office accounting and financial functions. We can supplement your current team for short-term project needs or provide a full outsourcing solution. CAVU’s Accounting Services outsourcing solution has the added value of having the CFO level “confidant” for advice on the direction your company is going. Below are the services CAVU provides:

  • Core services provided such as payroll, expense reports, AR, AP, cash receipts, invoicing, bank reconciliation, GAAP journal entries
  • Monthly, quarterly, and year-end accounting, tax planning support, and financials
  • Ensure accounting system is in accordance with general accepted accounting principles (GAAP)
  • DCAA Compliance:
    • Set up your accounting system to be DCAA compliant
    • Provide independent compliance system reviews
    • Help in setting up a three-tiered DCAA acceptable rate structure
    • System implementation to transition to DCAA compliant system
    • Prepare for any audit
  • Financial Management Metrics:
    • Turn static data into actionable dynamic information
    • Scorecards for cash and receivables, income statement, indirect rate and cost performance, utilization, backlog, and other key performance indicators

From the Experts:

How to Build the Budget Your Business Needs to Profit

March 31, 2020

Be passionate about budgeting. We are. And that’s because your budget directly enhances your business’s decision-making power. It’s simple. You can’t exceed your company’s financial goals if you don’t know what they are. And you can’t understand your financial goals if you don’t build a budget. That’s why budgeting needs to be more than a […]

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6 Ways Outsourcing Can Work for You – And How to Get the Most for Your Money

March 20, 2020

If you’re curious about how you might benefit from outsourcing, you’re not alone. Last year, 52% of small firms said they plan to outsource at least one business process. Outsourcing is defined as hiring an external third party to take on tasks and complete processes that would otherwise be done inhouse. The top reasons small businesses give […]

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Year-End Financial Planning: 12 Ways to Finish Strong

December 10, 2019

Family, friends, and festivities define December for many of us. It’s a time for reflecting on the past 12 months and looking forward to the coming year. Do the same with your business planning, and your company can finish the year strong as well as take on new opportunities in 2020. Schedule time in your […]

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Tax Planning – It’s Not Too Late Yet

November 1, 2019

If you are a cash method taxpayer, you should have started your year-end tax planning by now. It is sad when business owners call after the end of the year and they have received very bad news from their tax accountants. Once the year has ended, there is little you can do related to tax […]

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3 Reasons to Revisit Your Accounting System Every Year (and What to Check!)

September 25, 2019

Regular checkups are essential to good health. That goes for your business as much as your body. When it comes to how well your company functions, your accounting system is the brains of your operation. The right system gives you easy access to the data necessary for wise decisions about resource allocation. Your accounting system […]

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7 Dos and Don’ts to Avoid Common Accounting Mistakes

September 23, 2019

How important is an accurate, up-to-date accounting system in the world of government contracting? So important that your approach to financial management can give you an enormous advantage over your competition. The reason why can be summed up in one word: compliance. US government accounting standards for govcons are significantly higher than for businesses in […]

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