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!  


 

Timekeeping and the DCAA

Posted by Mike Anderson on Tue, Jun 01, 2010 @ 01:12 PM

Did you fill out your timecard today?  I'm talking about exempt employees mainly here since non-exempt employees have always had fairly difinitive ways to record time for both government and non-government jobs.  Does anybody remember the "good old days" where you filled out a what looked like a punchcard for all of your hours worked?  How about feeling like your employer didn't trust you even though you were salaried?  Do you have trouble remembering to record your time spent let alone remembering to record the time each day?  You are not alone.  Timecards for government contractors are some of the most difficult paradyme shifts when entering the world of government contracting.  Many systems exist but not all will pass DCAA muster.  The most common problem system involves filling out Excel spreadsheets electronically.  These systems typically don't have the type of controls the DCAA wants to see and will fail a DCAA audit as a result.  There are various "manual" versions of timekeeping (reminiscent of the punch card mentioned above) and there are a host of web-based systems that have been developed specifically to meet the DCAA requirements.  If you have any questions about your system, seek professional help prior to your DCAA audit to make sure your system will pass.

Topics: DCAA compliance, DCAA, DCAA audit, timekeeping