Community Tips

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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