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 0perates under the control of the Under Secretary of Defense.
Q: What is the organization's goal?
A: Their charter is to perform Department of Defense (DoD) contract audits and provide accounting and financial advisory services to other Government agencies as appropriate.
Q: What functions does DCAA perform?
A: The DCAA will perform pre or post award surveys to evaluate the contractor's ability to perform against a contract. DCAA is concerned with identifying and evaluating all activities that contribute or have an impact on proposed or incurred costs of Government contracts.
The fines imposed on a contractor for failing a DCAA audit can be significant. The DCAA issues findings that the contractor must address. If the contractor is found to have mischarged against a contract, they may be subject to fines or even imprisonment. If the contractor has direct submission approval this may be revoked resulting in reduced cash flow due to aging AR.
DCAA compliant accounting systems are a must have in today's government contracting marketplace to not only ensure government compliance but, to increase operating effeciencies by enabling transparency to the lowest levels of your business. Business process automation provides for lower overheads, increased margins and consistency in company operations. With all of this said, what criteria to we employ in choosing a government contract accounting package?
10 keys to evaluating DCAA compliant accounting software
How can Dassian help?
What does Dassian's GOVCON include and what value does it offer?
It Enables Government Compliance in the following areas;
– Job Costing
– Cost Accounting Standards / Indirect Costing
– Labor Accumulation
– Contract Flow Down to Suppliers
– Earned Value Management
– Incurred Cost Reporting
Supports All Major End-to-End Business Processes. Dassian GOVCON can run both commercial and government business processes in one environment. Provides Transparency and Profitability at the Lowest Levels of your business.
Call or email Barbara McElnea to discuss how Dassian can provide value to your company. firstname.lastname@example.org, see our contact us page for more details.