Despite what many individuals believe, the Defense Contract Audit Agency (DCAA) is not a regulatory body seeking to legislate accounting software for government contractors. The agency provides contract audits on proposals presented to the federal government and financial services for the U.S. Department of Defense.
When the DCAA performs an audit, they are determining the contractor’s compliance with the Federal Acquisition Regulations (FAR), which is the principal set of rules in the Federal Acquisition Regulation System. This is the process through which the government purchases (or “Acquires”) goods and services.
If it is found that a contractor is not DCAA compliant, they may be excluded from future government contracts or teaming arrangements with other contractors.
DCAA compliant accounting software needs to integrate an enterprise resource planning (ERP) system, an integrated computer software system used to compile, manage, and organize the information, functions, and resources of a business.
Benefits of Enterprise Resource Planning
• Proposals will better aggregate all of the aspects of a proposal instead of just what the accountants see.
• Totally integrated software packages.
• Communication between departments, people, and technologies eliminates errors due to miscommunication, decreases waste, and improves productivity.
• Company-wide accessibility and a centralization of resources.
• This technology builds a bridge between accounting, design, and manufacturing.
• Helps a company run more effectively.
• Experience larger profits due to cost reductions.
• The ideal accounting software for government contractors.
Examples of compliant accounting software programs include Microsoft Dynamics SL (Solomon) and Microsoft Dynamics GP (Great Plains), both of which are sold, installed, and supported by Complete Software.
Complete Software has developed products that allow you to customize your software to meet your company’s needs. We proudly offer our accounting software development and services to the Mid-Atlantic region including Maryland, Washington DC, Virginia, New Jersey and New York.
Interested in learning more about DCAA Compliance? Then contact Complete Software by calling 443-636-5263 or click here to visit our website!
Based out of Catonsville, Maryland, Complete Software (CS) is proud to be a Microsoft Partner and Value Added Reseller (VAR) for Microsoft Dynamics GP 2010 and Microsoft Dynamics SL as well as a unique software developer providing solutions for businesses and non-profit organizations throughout the country. The CS development team writes customized software solutions for core products at a competitive price.
Our goal is to provide a complete financial system with a core Microsoft Dynamics foundation to businesses and labor unions located in Maryland, Washington D.C., Virginia, New York, and New Jersey. We offer a variety of services including Microsoft Dynamics consulting, system evaluation, business process analysis, system design, customizations, Enterprise Resource Planning (ERP) implementations and system upgrades.
Complete Software’s areas of expertise include: Financial, Sales and Distribution, System Integration, Web-based Tools, Accounting Support, and Financial, Sales and Distribution, System Integration, Web-based Tools, Accounting Support.
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Sources:
Ensuring Bid Compliance With DCAA Compliant Accounting Software For Government Contractors