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 Timekeeping Requirements - Part 3

Posted by Mike Anderson on Mon, Sep 10, 2012 @ 04:50 AM

In the previous two articles in this series we looked at what is required for a DCAA timekeeping system and what types of systems will meet these requirements.  Today I want to look at how the DCAA monitors these systems and what you, as a government contractor, might expect to do to be compliant. As labor is typically the largest expense in a government contract, it makes sense that they would focus on how it is recorded, how it is turned into a bill to the government and how the contractor assures its accuracy.  The FAR Part 31.201 requires that all costs (including labor) are evaluated for allowability, reasonableness and allocability.  The timekeeping system is a big part of that requirement.  The DCAA Contract Audit Manual provides the DCAA auditor tools for evaluating the allowability and allocability in Para 5-901 and evaluation of the reasonableness in Para 5-800, 6-412 & 6-413.

Read More

Topics: DCAA, DCAA audit, timekeeping


DCAA Timekeeping Requirements - Part 2

Posted by Mike Anderson on Tue, Sep 04, 2012 @ 04:50 AM

Last week we looked at the DCAA requirements for Timekeeping on a government contract and this week I want to explore the different types of systems.  The DCAA Contract Audit Manual describes two types of acceptable timekeeping systems:

Read More

Topics: DCAA, timekeeping


DCAA Timekeeping Requirements - Part 1

Posted by Mike Anderson on Mon, Aug 27, 2012 @ 04:18 AM

DCAA Timekeeping Requirements

For many new government contractors and/or small government contractors, it may be confusing as to what is required and why it is required relative to timekeeping and timekeeping records.  This is a very important topic to the government and the government contractor should not underestimate the importance or the need to do it in accordance with what the government expects.  In our experience, issues related to timekeeping account for easily the majority of audit findings by the DCAA.  Failure to meet these expectations will most certainly result in some stiff lessons, including delayed payment and/or refusal of future contracts.  So what is exactly required by the government?  

Read More

Topics: DCAA guidance, timekeeping, dcaa compliant timekeeping, dcaa timekeeping requirements