DCAA COMPLIANCE BLOG

Your Source for DCAA News and Government Contracting Information 


 

What does it mean when someone says "I've had a DCAA Audit"?

Posted by Mike Anderson on Wed, Apr 14, 2021 @ 05:35 PM

Many times when I talk with prospective clients I ask them if they have a DCAA compliant accounting system.  Many times they say "I have a compliant accounting system because I've had a DCAA audit".  Well, what exactly does that mean?   I think it turns out that many people don't really understand the Defense Contract Audit Agency and therefore don't really understand what has been audited.   Of course, the other misconception is that once the DCAA audits your accounting system that they approve the accounting system.  That is not true.  An audit verifies that the concepts and records that were tested were found in compliance but they do not give a certification to a software or to a system as a result of an audit.  As a matter of fact, many times people will say "approved by" the DCAA and that is also an incorrect statement.   I want to quickly examine here the different types of audits performed by the DCAA and what that means.   

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Topics: DCAA audit, DCAA Compliant Accounting Systems, DCAA Accounting System, dcaa approved accounting system,


ReliAscent® Wants Your Feedback!

Posted by Tyler Link on Wed, Aug 19, 2020 @ 11:16 AM

ReliAscent® will soon be releasing a powerful new software tool and integrating it into our DCAA compliant accounting system platform as an optional feature available to clients.   This tool, when combined with our current platform, provides not only indirect rates calculations and subsidiary job cost reports, but also compliant timekeeping, purchasing systems, project management, and other helpful features. 

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Topics: DCAA Compliant Accounting Systems, DCAA compliant accounting software, Indirect Rates Calculations, ReliAscent New Product Offerings


Is Your Accounting System DCAA Compliant?  Get a FREE DCAA Compliance Review from ReliAscent

Posted by Tyler Link on Wed, Jul 10, 2019 @ 02:17 PM

Does your small business contract with the Department of Defense or NASA? If so, and it has been several years since your last DCAA audit, how do you know whether or not your accounting system (not just your software), is still DCAA compliant? 

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Topics: DCAA Compliant Accounting Systems, DCAA QuickBooks, dcaa compliant quickbooks, QuickBooks DCAA Compliance Review


Free QuickBooks DCAA Compliance Reviews for Government Contractors

Posted by Tyler Link on Wed, May 08, 2019 @ 09:17 AM

If your small business contracts with the Department of Defense and it has been several years since your last DCAA audit, how do you know whether or not your accounting system (not just your software), is DCAA compliant? 

Read the Full Blog Here

Topics: DCAA Compliant Accounting Systems, DCAA QuickBooks, dcaa compliant quickbooks, QuickBooks DCAA Compliance Review


DCAA Compliant Accounting System Requirements - Understanding the SF1408

Posted by Tyler Link on Wed, Mar 20, 2019 @ 10:59 AM

When a Small Business contracts with the Department of Defense, NASA, or the Department of Homeland Security (and potentially other agencies), they are often required to have a DCAA compliant accounting system. While there are many components of a compliant system (just as there many types of DCAA audits), the underlying procedure for assessing a contractor’s system is guided by the Standard Form (SF) 1408 (also known as the “Preaward Survey of  Prospective Contractor Accounting System”), seen here below:

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Topics: DCAA compliance, DCAA accounting, DCAA Compliant Accounting Systems, DCAA compliant accounting software, SF1408, DCAA Accounting System, DCAA Pre-Award Survey


Resources for DoD SBIR/STTR Contractors & Grantees

Posted by Tyler Link on Fri, Oct 13, 2017 @ 08:48 AM

DoD SBIR STTR Program.png

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Topics: DCAA Compliant Accounting Systems, SF1408, 2017.3 DoD SBIR, SBIR/STTR Checklists


Will Not Having An Approved Accounting System Disqualify Our Firm From Bid Opportunities? - PART I

Posted by Dave Donley on Wed, Jul 15, 2015 @ 09:53 AM

Many new/start-up small business federal contractors often ask the question: Will not having an approved accounting system disqualify our firm from bid opportunities? 

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Topics: DCAA accounting, DCAA Compliant Accounting Systems, Government Approved Accounting System, DCAA Accounting System


ReliAscent Video Channel on YouTube

Posted by Mike Anderson on Fri, Jul 25, 2014 @ 05:00 AM

If you are like me, a picture is worth a thousand words, and a moving picture is worth a thousand pictures.  I am visually oriented and I think many people in today’s world are the same way.  Some of us come by this naturally and others may be conditioned to this by the exploding digital and media technologies.  Regardless, it has never been easier to view a video on just about any topic you want.  Heck, they even make video cameras small enough to strap to our heads to record risky and or spectacular feats that some of us might be enticed to perform.   The bottom line is that our current culture likes to view video.  It is not only a means of entertainment, it is also a way of learning that was not available in the past.  

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Topics: government consulting, DCAA Compliant Accounting Systems, SF1408