Federal contractors have various responsibilities. These responsibilities keep changing with technological advances and regulatory changes. DCAA, the Defense Contract Audit Agency, has very strict requirements. So, as a federal contractor, you always have to ask yourself very specific questions. Is my accounting system’s financial data structure up-to-date? Can my team meet the Department of Defense’s pricing requirements? Am I correctly segmenting my payables? The answers to these questions determine your fate during DCAA audits. Bear in mind – auditors don’t pre-announce DCAA audits. They surprise contractors. That’s why federal contractors need to rely on advanced technology to prepare for surprise audits. Automation is a federal contractor’s best friend. The government contractors who use DCAA Software will attest to that fact!

DCAA Software is a fully DCAA-approved accounting system. More importantly, it is the most compliance-friendly integrated accounting software for federal contractors. This integrated accounting system helps contractors meet all DCAA, FAR, CFR, GAAP requirements. The parent company of DCAA Software works with Honda, managing the company’s manufacturing & supply chain software. This nod of approval from Honda put the DCAA Software tool in the spotlight. Now, many contractors are replacing older software tools with this modern DCAA-compliance software.

The DCAA Software is very popular amongst government accounting experts because of its “Finance Manager” portal. On this portal, contractors and their employees can easily access important financial data points. Was this payment compliant with the IFRS? Can I classify this payable in this category as per GAAP requirements? The DCAA Software addresses these queries instantly. The software offers real-time upgradability. Contractors can use the software’s “CFO Cockpit” feature to oversee all financial movements and records. They can also use the software’s Trend Analysis feature to mine their financial data. Access balance sheets, income statements, cash flow statements, all in different currency translations. Such heavy volumes of micro and macroeconomic data help contractors make wise decisions. They can assess different business units in real-time to guarantee compliance in each step.

Currently, the most important feature of the DCAA Software for government contracts is the “People Manager” portal. New DCAA regulations prioritize efficient timekeeping. The DCAA is very serious about paying employees fairly. That means no underpaying or overpaying. Contractors must record every task that an employee performs, including time entries. The DCAA Software’s “People Manager” feature allows contractors to track employee entry/exit times, maintain HR Scorecards, and update employees. Workers can use the Employee Portal to learn about compliance requirements and track their performances. Since time and employee tracking is so vital in DCAA audits, many companies are replacing spreadsheets with DCAA Software.

Contractors working with DCAA Software maintain healthy cost pools. More importantly, they get to address project objectives equitably. The data these DCAA-compliance software tools collect helps contractors gain deep insights about DCAA, FAR, CFR, GAAP, and other agencies. The features of the DCAA Software tool are all-encompassing. Instead of offering quick fixes, they give contractors the best chance of long-term success! Learn more about creating a compliant accounting system with DCAA Software at - www.dcaasoftware.com.

About the Company:
• Name: DCAA Software
• Email: [email protected]
• Phone: 919-314-2897
• Address: 68 TW Alexander Drive, Suite 207, Research Triangle Park, NC 27709, United States
• Website – www.dcaasoftware.com.