If your business sells, manufactures or offers professional services to the federal government, you need microsoft dynamics from govcon365. Our accounting, timekeeping, and expense reporting software are all integrated into one system to offer our clients a seamless experience. We are proud to note that the dcaa has raised no significant audit issues in companies where sympaq software has been properly implemented. There is, in fact, no such thing as a dcaa approved system, nor does dcaa certify your system. For instance negotiated fixed price contracts do not require an adequate. Further, contrary to what i hear, there is not any such thing as a dcaa approved accounting system software package.
In some cases the government requires an adequate accounting system under time and material contracts as well on a case by case basis. 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. Dcaa compliant accounting software is any financial solution compliant with the defense contract audit agency dcaa requirements. Many government contractors are probably searching for the elusive dcaa approved accounting. Dcaa compliance dcaa compliant accounting software procas. Dcaa approved accounting system myth cheryl jefferson. Dcaa compliant accounting systems dcaa audit and government. There are merely accounting systems that are compliant with. Jamis dcaa compliant accounting software built for the unique needs and demands of government contractors. For more than 15 years, govcon365, formerly pvbs, has been the top microsoft partner for dcaa compliant software and cloud solutions. Compare products like jamis prime erp, gcas government cost accounting system, efaact, and more. Before any contract is awarded, dcaa auditors will examine your companys accounting system to validate that it is. Not all government contract accounting software is dcaacompliant out of the box.
Dcaa compliant accounting system jamis software corporation. Dcaa does not approve products or continue reading dcaa compliance. Dcaa compliant software can verify your accounting methods and properly segregate direct and indirect charges of the winning contract bid. Start passing your dcaa audits with jamis request a. What should i look for in a dcaa compliant accounting system. A common service i provide is to help contractors with their government contract cost accounting systems by converting them to dcaa compliant systems as may be needed given the contractors. An adequate accounting system subject to dcaa preferences is most relevant to cost reimbursable contracts. Government contract cost accounting system adequacy and dcaa compliance. Govcon365 dcaacompliant microsoft dynamics 365 for. The need for a compliant accounting system depends on the contractors circumstances and contract types. 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.
Jamis has designed our project erp solution from inception to be a dcaa compliant accounting system. Government contract accounting system approval dcaa news. The answer is no, quickbooks is not compliant by itself. Affordable dcaa compliant accounting systems for small businesses. Being dcaa compliant means following dcaas recommendations and. 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. Very few commercially available cost accounting systems provide true compliance with the dcaa s stringent requirements for government contractors. Additionally, these software programs allow the contractor to accumulate the costs of the project according to contract bid. I can buy a dcaa approved accounting system in a box. I am asked this question all the time and thought i would offer some insight.
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. Under cost reimbursable contracts the accounting system must be adequate and approved by the government under far subpart 16. Securing approval is a significant accomplishment in this industry. Procas offers software solutions as well as consulting services to help government contractors meet the defense contract audit agency dcaa compliance requirements. 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. While accounting systems can possess features that make them compliant with dcaa. Govcon connect has a full back office to implement, train and support government contractors. Dcaa provides audit and financial advisory services to dod and other federal entities responsible for acquisition and contract administration.