Dcaa approved accounting software

The answer is no, quickbooks is not compliant by itself. I am asked this question all the time and thought i would offer some insight. Jamis dcaa compliant accounting software built for the unique needs and demands of government contractors. Dcaa compliant software can verify your accounting methods and properly segregate direct and indirect charges of the winning contract bid. Jamis has designed our project erp solution from inception to be a dcaa compliant accounting system. Additionally, these software programs allow the contractor to accumulate the costs of the project according to contract bid. In some cases the government requires an adequate accounting system under time and material contracts as well on a case by case basis. Dcaa approved accounting system myth cheryl jefferson. Dcaa compliant accounting system jamis software corporation.

Dcaa compliant accounting software is any financial solution compliant with the defense contract audit agency dcaa requirements. Dcaa approved accounting system and software reliascent llc. Dcaas role in the financial oversight of government contracts is critical to ensure dod gets the best value for every dollar spent on defense contracting. While accounting systems can possess features that make them compliant with dcaa. There are merely accounting systems that are compliant with. Dcaa provides audit and financial advisory services to dod and other federal entities responsible for acquisition and contract administration. Dcaa does not approve products or continue reading dcaa compliance. Further, contrary to what i hear, there is not any such thing as a dcaa approved accounting system software package.

We are proud to note that the dcaa has raised no significant audit issues in companies where sympaq software has been properly implemented. Government contract cost accounting system adequacy and dcaa compliance a critical prerequisite to government contracting and particularly to negotiated contracts is an adequate cost accounting system. Our accounting, timekeeping, and expense reporting software are all integrated into one system to offer our clients a seamless experience. Procas offers software solutions as well as consulting services to help government contractors meet the defense contract audit agency dcaa compliance requirements. Procas software and the procas quick start implementation process were designed to provide guidance for government contractors to simplify defense contract audit agency dcaa compliance. Govcon365 dcaacompliant microsoft dynamics 365 for. Government contract cost accounting system adequacy and dcaa compliance.

Not all government contract accounting software is dcaacompliant out of the box. Securing approval is a significant accomplishment in this industry. If your business sells, manufactures or offers professional services to the federal government, you need microsoft dynamics from govcon365. Affordable dcaa compliant accounting systems for small businesses. An adequate accounting system subject to dcaa preferences is most relevant to cost reimbursable contracts. I can buy a dcaa approved accounting system in a box. Dcaa compliant accounting systems dcaa audit and government. Govcon connect has a full back office to implement, train and support government contractors. Very few commercially available cost accounting systems provide true compliance with the dcaa s stringent requirements for government contractors. Our software has a number of seat belts builtin and our experienced professionals can share best practices to ensure that your accounting system is compliant for government. There is, in fact, no such thing as a dcaa approved system, nor does dcaa certify your system. Dcaa compliance dcaa compliant accounting software procas. Many government contractors are probably searching for the elusive dcaa approved accounting. Being dcaa compliant means following dcaas recommendations and.

Before any contract is awarded, dcaa auditors will examine your companys accounting system to validate that it is. Compare products like jamis prime erp, gcas government cost accounting system, efaact, and more. The need for a compliant accounting system depends on the contractors circumstances and contract types. Dcaa compliance requires that your accounting and related business processes which collectively including policies, manual procedures and. A critical prerequisite to government contracting and particularly to. For more than 15 years, govcon365, formerly pvbs, has been the top microsoft partner for dcaa compliant software and cloud solutions. Under cost reimbursable contracts the accounting system must be adequate and approved by the government under far subpart 16.