DCAA Compliant Accounting for Government Contractors

Thousands of government contractors trust Costpoint as their project accounting solution, enabling them to deliver on contracts and meet DCAA compliance requirements successfully. Costpoint Project Accounting for government contractors ties every transaction together—from journal entries to timecards to purchase orders, providing deep cost visibility and real-time intelligence across the project lifecycle. This ensures project teams are working from a single source of truth, while providing traceability to compliance regulations.

Features

• Financial Management from Bid to Invoice - Win more contracts with competitive rate build-ups and support for pre-award accounting systems audits - Full front-office and back-office integration that streamlines hand-offs between Contracts and Project Control - Bill and collect quicker with automated invoicing and data verification to prevent invoicing errors
• Segregate & Allocate Costs - Create cost pools and simplify indirect rates and financial intelligence by managing down to the project level - Deliver more accurate incurred cost submissions for cost-plus contracts with pre-built schedules - Ensure audits are hassle-free with built-in traceability and reports that DCAA asks for by name
• Accounting Process Automation - Flexible approval workflows to set thresholds and automate approvals - Help users simplify and speed-up month-end and year-end close with built-in navigation aides - Utilizes Intelligent Character Recognition (ICR) on scanned invoices to auto-populate accounts payable vouchers
• Multi-Company & Currency Compatibility - Utilize Costpoint for international contracts with support for multiple currencies and exchange rate calculations - Leverage a multi-company setup to keep costs segregated between commercial and public sector work - Easily create an electronic transfer to streamline international payments

Benefits

• **Always Audit Ready: **Streamline DCAA audits with framework and controls for segregating and allocating project costs in compliance with the FAR.
• **Powerful Financial Analysis: **Easily monitor financial performance at any project level to make data-driven decisions faster.
• **Built-In Functionality: **Purpose-built for government contractors with pre-configured dashboards and reports, plus support for cost-plus contracts.