ReliAscent® can evaluate a small business' QuickBooks® file for DCAA, FAR & GAAP compliance requirements to make sure it is set up properly. This service is provided free of charge, but only includes a review of the features contained within the QuickBooks® file itself (like segregation of direct and indirect expenses, labor distribution and other general ledger requirements).
It is important to understand that the term "DCAA approved accounting system," is a misnomer. There are no DCAA approved systems, only DCAA compliant systems. The DCAA does not officially approve of any particular software or system. As a result, reviewing your accounting system for compliance is critical for government contractors who contract with the DoD, NASA, DHS, and even the DoE (in many cases).
To start the Compliance Review Process, follow the steps below: