Community Tips

New Transactions and Reports with SAP Simple Finance

As many of us are eager to know more about SAP Simple Finance, we are all aware that SAP has removed the aggregation tables and merged the finance documents into one logical document.   New HANA views replace the old database tables such as coss and cosp so we are ensured
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Activating Cumulative Overhead without DIMP switch note 1954307

Government contractors have a requirement to apply overhead costs based on a fiscal year.   SAP offers this capability via the cumulative overhead solution. Cumulative Overhead allows businesses to allocate overhead costs based on the year. With standard overhead processing, overhead is applied to projects each period and calculates overhead for
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The Basics of Government Contract Accounting

Government Contract Accounting (GCA) is the maintenance of an organization's official financial books and accounting records, its policies, and procedures, all of which facilitate the tracking of, reporting on, and billing for, all costs, for any government contract, in accordance with the Federal Acquisition Regulation (FAR).  In order to meet
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What is Total Time Accounting, or Total Time Reporting?

Labor cost is an important element of project cost accounting, not only for the professional services industry, but for manufacturing and other industries. The US government requires that cost be allocated fairly and equitably across a company's various cost objectives, in reasonable proportion to the benefit accruing to them. A
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Employee Time Charging Validations in SAP

Recording time properly is critical to government contractors and service provider firms.   Proper time recording is not only subject to FAR regulations and DCAA audits but is essential to manage your costs and gain insight into your project performance.   Errors in time recording requires labor intensive correction processes and can
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10 Keys to Evaluating DCAA Compliant Accounting Software

What are the 10 keys to Evaluating DCAA Compliant Accounting Software? Let's approach this on a question and answer basis. Q: Who is the DCAA? A: The DCAA is the Defense Contract Audit Agency. It was established as a separate agency of the Department of Defense in July 1965 and
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SMB Government Contracting Solution

SMB Government Contracts Are you a Small to Medium Business dealing with government contracts? Running into government compliance issues? Can your old system no longer cope? SAP and Dassian may have the answer to these problems! You may think that SAP is beyond your reach. SAP is often considered
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