Our Accounting System

Capitol Bridge actively maintains an acceptable accounting system, (Jamis) with a sound internal control environment, accounting framework, organizational structure and accounting practices in accordance with standards promulgated by the Cost Accounting Standards Board, if applicable, otherwise, Generally Accepted Accounting Principles.

In addition we possess the ability to achieve the following outcomes as required:

  • Segregate direct costs from indirect costs
  • Identify and accumulate direct costs by contract
  • Provide a logical and consistent method for the accumulation and allocation of indirect costs to intermediate and final cost objectives
  • Accumulate costs under general ledger control
  • Reconcile subsidiary cost ledgers and cost objectives to general ledger
  • Approve and document adjusting entries
  • Identify employees’ labor by intermediate or final cost objectives
  • Identify costs by purchase order line item and by units (as if each unit or line item were a separate contract)
  • Segregate pre-production costs from production costs
  • Reconcile billings to the cost accounts for both current and cumulative amounts claimed and comply with contract terms
  • Calculate indirect cost rates from the books of accounts
  • Provide adequate, reliable data for use in pricing follow-on acquisitions
  • Provide a labor distribution system that charges direct and indirect labor to the appropriate cost objectives

There have been no changes to our Accounting System within the past twelve (12) months and Capitol Bridge stands ready to manage any and all contract types.