Unallowable Costs

Unallowable Costs

A contractor’s Chart of Accounts must be set up to track unallowable costs separate from any direct or indirect cost pool per FAR 31.205. For direct unallowable/unbillable costs, contractors need to develop a coding system to identify allowable direct costs separate...
Proper Segregation of Costs

Proper Segregation of Costs

Contractors must develop a Chart of Accounts (COA) that identifies direct and indirect costs separately. Indirect cost accounts must be specifically identifiable into a logical set of indirect account groupings. Direct and indirect costs should be identified through...
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