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Business Systems and the Importance of Customer Support

Cost accounting software designed to meet the needs of government contractors is complex. Your vendor’s customer support staff needs to understand not just the underlying purpose of the program, but also to understand what can go wrong from a user standpoint.

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IG gives DCAA a bad report card - again

In a recent report to the Director, Defense Contract Audit Ageny the Inspector General wrote in its memorandum, "We found that the Defense Contract Audit Agency (DCAA) did not exercise professional judgment in performing 37 (74 percent) of the 50 FY 2010 assignments reviewed."

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Using Add-Ons for DCAA Compliance

If you do a Web search on DCAA compliant accounting software - among the search results - you will probably notice advertisements for add-ons to QuickBooks and other non-industry specific accounting software. These will (in theory) take your existing non-compliant software and make it DCAA ready through the use of a...

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DCAA Audit Backlog

With a heavy emphasis on pre-award surveys, ostensibly to ensure that a government contractor has a compliant cost accounting system in place, the DCAA has become seriously backlogged in trying to keep up with its review of Incurred Cost Submissions.

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More on "flexible" accounting software

As we previously discussed, there is a fine line between providing flexibility in cost accounting software while maintaining tight internal controls. You need both, and at first blush it might present a challenge in identifying a system that lends itself to easily correcting mistakes or performing what should be a routine...

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What do we mean by "flexible" accounting software?

As software publishers, we tend to promote our products as "flexible" when it comes to accounting and timekeeping features. But, what exactly does that buzzword mean? In this context, flexible means the opposite of "rigid" - a moniker that is often applied to stovepipe software that was originally developed back in the...

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BI for government contractors

BI is short for “business intelligence”, but what do those words mean as they relate to your government contracting business? You hear and read much these days about the need for analytics, data mining, and dashboards in order to gain and maintain your competitive edge. Hard-to-use and expensive options abound, but two of...

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The DCAA Blues

In a recent survey of federal contractors conducted by the public accounting firm Grant Thornton, close to one in five contractors report bad blood between them and the DCAA. Per the survey, "The relationship between contractors and government auditors and contracting officers has deteriorated during the past year. The...

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A-133 Audit Concepts

A-133 Audits roughly follow the same accounting and cost recovery guidelines as do federal contract awards that are governed by the FAR.  OMB Circular A-122 "Cost Principles for Non-Profit Organizations" covers project cost accounting topics familiar to most government contractors such as the recovery of direct costs,...

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How long will it take to implement your software?

Earlier this month,  I was presenting our SYMPAQ  product line to a CPA firm that specializes in government contractor audits and with DCAA compliance. While discussing pricing options, one of their professional staff asked a question that is almost rhetorical in nature, but nevertheless  has been asked a thousand times...

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