Business Details
21 Years
experience
Trusted Accounting Services for Federal Contractors & Nonprofits
Founded in 2005, Watts Group has established itself as a trusted partner for businesses seeking expert accounting solutions. Our team of certified professionals brings decades of combined experience in accounting, systems implementation, and compliance, serving federal contractors, nonprofit organizations, law firms, and small businesses. We specialize in outsourced accounting departments, fractional CFO services, and DCAA compliance support, delivering tailored strategies to drive financial success. Our proactive, client-first approach ensures personalized service, with a focus on accuracy, transparency, and long-term partnership.From monthly bookkeeping to complex system implementations, we empower clients to focus on growth while we handle financial operations. With expertise in ERPs, QuickBooks, and government contract compliance, we provide the tools and insights needed for informed decision-making. Our commitment to excellence is reflected in our track record of supporting clients through audits, budgeting, and strategic financial planning. Contact us to discover how our dedicated team can become your trusted financial partner.
Services
Outsourced Accounting
Fractional CFO Services
Accounting System Implementations
DCAA Compliance
DCAA Audits
Details
- Year established: 2005
Highlights and features
- Founded in 2005 with over 15 years of industry expertise.
- Specialized DCAA compliance and audit support for government contractors.
- Customized system implementations for ERPs, QuickBooks, and payroll platforms.
- Proactive client-first approach to personalized financial management.
- Certified professionals (CPAs, CFA) guiding complex accounting projects.
Services
Outsourced Accounting
We handle full-cycle accounting operations for federal contractors and small businesses, including bank reconciliations, payroll processing, financial reporting, and tax filings. Our team ensures accurate, timely records while reducing overhead costs. Clients gain access to expert CPAs and scalable solutions tailored to their industry needs.
Fractional CFO Services
Access strategic financial leadership without hiring a full-time executive. Our fractional CFOs provide budgeting, cash flow analysis, financing guidance, and performance metrics. Services include profitability analysis, long-term planning, and coordination with banks and legal advisors to support growth-driven decisions.
DCAA Compliance
We configure accounting systems to meet Federal Acquisition Regulations (FAR), including GAAP accruals, compliant timekeeping, and indirect rate structures. Our solutions ensure readiness for DCAA audits, with policy documentation and software setup for GovCon ERPs, QuickBooks, and payroll integrations.
Accounting System Implementations
We deploy ERPs, QuickBooks, and payroll systems with seamless data migration and staff training. Our process covers software selection, workflow configuration, user acceptance testing, and post-implementation support. Clients benefit from optimized financial infrastructure and minimized operational disruptions during transitions.
DCAA Audits
Our experts prepare clients for DCAA pre- and post-award audits by organizing documentation, refining cost allocation methods, and conducting system demonstrations. We ensure compliance with FAR 31 cost principles and assist in maintaining approved accounting systems for contract eligibility.
People
Jennifer Watts
Founder & President
Jennifer Watts, CPA, is the founder and president of Watts Group. She leads the firm's strategic direction, leveraging her extensive experience in accounting and systems implementation to deliver client-focused solutions for government contractors and nonprofits.
Ricky Furusawa
Managing Director & Co-Owner
Ricky Furusawa, CPA, serves as Managing Director and Co-Owner at Watts Group. He oversees key client engagements and operations, applying his expertise in DCAA compliance and financial management to support business growth and audit readiness.
Pradip Adhikari
Director
Pradip Adhikari, MBA, is a director at Watts Group. He specializes in system implementations and financial reporting, ensuring clients receive efficient, scalable solutions tailored to their accounting infrastructure and compliance requirements.
Stacie Cage
Director
Stacie Cage, CPA, directs client service initiatives at Watts Group. Her focus includes outsourced accounting operations and process optimization, providing clients with accurate financial reporting and strategic advisory support for operational efficiency.
Scott Cook
Accounting Manager
Scott Cook serves as Accounting Manager at Watts Group. He manages day-to-day accounting functions for clients, ensuring compliance with regulatory standards and delivering precise financial data to support informed business decisions.
Questions
What accounting services do you offer for federal contractors?
We provide DCAA-compliant accounting systems, audit support, cost allocation setup, and FAR-regulated financial reporting tailored to government contractors' compliance needs.
How can a fractional CFO benefit my small business?
Our fractional CFO services offer strategic financial planning, budgeting, cash flow analysis, and financing guidance at a fraction of the cost of hiring a full-time executive.
Do you support nonprofit organizations with financial reporting?
Yes. We deliver tailored accounting solutions for nonprofits, including grant tracking, donor reporting, and compliance with Generally Accepted Accounting Principles (GAAP).
What ERP systems do you implement?
We implement QuickBooks, Govcon ERPs, and other platforms with seamless data migration, workflow configuration, and staff training for optimized financial operations.
How do you prepare clients for DCAA audits?
We organize documentation, refine timekeeping systems, and conduct mock audits to ensure clients meet FAR 31 cost principles and maintain approved accounting systems.
