Boss Paul Lambert and striker Kayden Jackson have been shortlisted for the Sky Bet League One Manager and Player of the Month awards.
Town ended August top of the table having taken 14 points from their six league games, a club record in the opening month of a campaign, having won four and drawn two.
Lambert is up against Danny Cowley, who left Lincoln for Championship Huddersfield earlier in the week, Blackpool’s Simon Grayson and Mark Robins at Coventry.
Jackson, who scored four and recorded one assist in August, is nominated alongside Rochdale’s Ian Henderson, Lincoln keeper Josh Vickers and Peterborough midfielder Marcus Maddison.
The Championship version of the awards last came to Suffolk in December 2015 when both Mick McCarthy and Daryl Murphy carried off the gongs.
The winners of both categories will be announced at 6am on Friday morning.