DCAA Compliance Blog

Your Source for DCAA News and Information for Contractors

ReliAscent® LLC is the only government contract accounting firm that specializes in all aspects of government contracting compliance.  From our DCAA compliant accounting services, to monthly government contract accounting for all government agency awards, contract management & administration, and financial services & planning, our goal is to ensure the success of our clients, and all small business government contractors and grantees.  

In our DCAA Blog, we discuss the latest government contracting news from the Federal Government, the DCAA, and DCMA, as well as promotions offered by ReliAscent, and helpful tools and resources for contractors.

We hope you will visit and take part in the discussions on our blog on a regular basis. If you ever have any questions or would like to discuss how our experts can help, do not hesitate to contact us at any time!  


 

ReliAscent QuickBooks® file review

Posted by Mike Anderson on Tue, Jul 22, 2014 @ 09:55 AM

I often hear people say they want to buy accounting software that is “DCAA Approved”.  Or sometimes they say that they need an accounting system that is “DCAA Approved”.   This is a bit of a misnomer.  First of all, the DCAA does not “approve” software packages nor do they “approve” accounting systems.   A software package may be designed to meet FAR and DCAA requirements, or as it sometimes is referred to, to be “compliant” with DCAA requirements.  As we have discussed in previous blogs, there are accounting software packages out there that are designed to be compliant with DCAA requirements.  There are also accounting software systems that are not designed to be compliant with DCAA requirements but they can usually be incorporated into a compliant system by adding on some external features to cover all of the compliance issues.  These “external systems” usually include things like timekeeping systems, expense reporting systems, indirect rate calculation systems and complete subsidiary job cost reporting systems among others.  Finally, whether the software is designed to meet DCAA requirements or not, the company employing the system must have a set of policies and procedures to support operation of the system in a uniform manner. 

At ReliAscent we realize that a large number of small government contractors use QuickBooks® as their accounting system.  Since QuickBooks® is not designed to meet FAR & DCAA requirements, there must be some add-ons as well as a strong system of policies & procedures in order to have a compliant system. 

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Topics: QuickBooks, DCAA Compliant Accounting Systems, DCAA Approval, DCAA compliant accounting software


DCAA Approval vs. DCAA Compliance

Posted by Mike Anderson on Wed, May 07, 2014 @ 08:50 AM

We get a lot of people that call us and ask if we can help them with DCAA approval of their company or accounting system.  This is a bit of a misunderstanding as the DCAA does not "approve" accounting systems, they review them for adequacy.  If you look at the Defense Department Directive Number 5105.36, p5.e, you will see that the DCAA mission is to determine the adequacy of an accounting system, not approve it.  If you look at their mission statement (found in Para 3) you will see that:

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Topics: DCAA compliance, DCAA, DCAA Approval