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!  


 

DCAA Accounting Software for Government Contract Accounting

Posted by Mike Anderson on Wed, Sep 25, 2013 @ 09:52 AM

Government Contract Accounting - Software 

Many small businesses are overwhelmed when they begin their first government contract.  The ability to pass a DCAA audit for an accounting system is daunting. Many government contractors mistakenly believe that if they purchase a dcaa accounting software package that is designed to meet DCAA requirements that they are safe.  Nothing is further from the truth.  It is a first step to get accounting software that is designed to meet FAR and DCAA requirements but the system set up around that software, the consistent operation of that system and the retention of supportable records is also required to pass a DCAA audit.  The government wants to see a full system and the compliant operation of the system to assure that they are not overcharged for the goods and services that they purchase.  In addition, since they are the single largest purchasing entity in the United States, they also want to see that they get the "best deal".  These seemingly simple goals have resulted in some complex regulations for Contracting Officers and also for government contractors.  Today I would like to take just a brief look at the software packages that would be available to a government contractor, especially the small business, to form the backbone of their compliant business system for doing business with the Federal Government.

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Topics: DCAA, DCAA accounting, QuickBooks, Accounting Software, government contract accounting