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.
"DCAA already has a backlog of $560 billion in unaudited contracts that agencies have already paid, called incurred cost audits."
After several fits and starts over the past five years, the Department of Defense (DoD) finally issued its final ruling on October 15 for CMMC 2.0 compliance. This final rule coincides with October wh[...] Read the Blog
Accounting Software for GovCons: Many Choices but Few Options Read the Blog
When it comes to General and Administrative (G&A or SG&A) expenses, businesses of all types incur G&A expenses. Unlike Overhead which includes pooled indirect costs that are not identifiab[...] Read the Blog
We are focused on delivering reliable cost accounting, timekeeping and expense reporting solutions to labor-intensive federal government contractors and not-for-profit organizations in search of fully compliant, standards-based, project accounting software.
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