The DCAA Software for Government Contracts is an integrated accounting solution crafted uniquely to meet the requirements of the DCAA audit. It has various modules enabling government contractors to conduct project accounting, time management, labor distribution, proper differentiation of expenses, and contract management. This software program successfully passed the DCAA audit test back in March 2020.

Maintaining conformity with the rules and regulations of the DCAA is mandatory for every government contractor. Without adhering to them strictly, these people can’t operate. The abbreviated term DCAA stands for Defense Contract Audit Agency, a government organization of the USA in charge of auditing DoD or Department of Defense contracts. Almost every other federal agency can also request DCAA to run audits against contracts. These audits ensure that taxpayers get everything they pay for. The ultimate objective of this organization is to support the nation’s defenders and protect the taxpayer.

Complying with the DCAA means following its recommendations and guidance to the letter. In doing so, government contractors ensure that they obey Federal norms and remain appropriately prepared for audits. These audits adhere to the Cost Accounting Standards or CAS and Federal Acquisition Rules or FAR. Contractors can use an accounting system agreed upon by the DCAA, which will keep track of the direct and indirect expenses separately. It will also gauge the billing, accounting, and labor charges. With an integrated time tracking and entry system, contractors can improve their chances of passing an audit unscathed.

Some people have questions regarding QuickBooks, as it’s a very useful accounting software solution. However, the creator of the dedicated DCAA accounting solution wishes to inform these individuals, “Make sure that you never use QuickBooks, particularly for DCAA Compliant Timekeeping and accounting. The DCAA disapproves of the standard version of this platform. Then again, if you rely on specific third-party applications to augment its performance, you will meet the requirements of DCAA.”

He further added, “I must notify you that using third-party applications has its pros and cons. While it’s a shortcut to conforming to the DCAA, the lack of an appropriate integration with QuickBooks will create problems for you in the future. Besides, you must consider every other feature you’ll be missing. These attributes come in handy when using spreadsheets to calculate the total expenses of ownership, including supplementary labor charges.”

Acquiring an accounting software program approved by the DCAA can prove to be a lifesaver for every government contractor operating in the USA. It will aid them in fulfilling the requirements of the audits conducted by this government agency.

About the company

DCAA Software is an online platform that offers government contractors access to an exclusively designed accounting and timekeeping software solution for handling project accounting, time management, labor distribution, contract management, and appropriate segregation of expenses.

Contact details

Address: 68 TW Alexander Drive, Suite 207, Research Triangle Park, NC 27709, USA

Phone number: 919-314-2897

Email ID: [email protected]

Official website: www.dcaasoftware.com