ERPGovCloud: Your Path to DCAA Compliance

Great Leaders Are Ambidextrous, Are You?

By G C Network | November 17, 2014

By: Melvin Greer Managing Director, Greer Institute  There are many important characteristics of great leaders. Team players, good listeners and visionary are clear hallmarks. But being ambidextrous is required now…

Cloud Computing Advantages and Disadvantages

By G C Network | November 13, 2014

What is Cloud Computing & what are its advantages & disadvantages. Join us for this installment of our Technical Insight series as expert Learning Tree instructor Kevin Jackson examines the…

Ingram Micro Honors Veterans with a $10,000 Gift to Veterans 360

By G C Network | November 13, 2014

On Veteran’s Day, hundreds of military veterans, active-duty service members and retirees were recognized and celebrated along with family members at the third annual Ingram Micro Veterans Day ceremonies held…

What Are You Waiting For? The Cloud Era is HERE!

By G C Network | November 11, 2014

by Kevin L. Jackson (This post first appeared at https://blog.learningtree.com) The revolutionary business aspects of cloud excite me every day, but the business diversity is even more exciting. This fact…

Schizophrenic About Cloud?

By G C Network | November 5, 2014

By Kevin L. Jackson This week Dell released its first Global Technology Adoption Index (GTAI). This survey of more than 2,000 global organizations took a close look at how organizations…

Why You Need to Pay Attention to Cloud Computing

By G C Network | October 23, 2014

(This post was originally published by Learning Tree International  https://blog.learningtree.com/why-you-need-to-pay-attention-to-cloud-computing/ ) The adoption of cloud computing is revolutionizing today’s business. This trend has also elevated the importance of IT and…

Thriving in a Cloud, Big Data, Mobility and Security World

By G C Network | October 21, 2014

“The next generation of technology solutions will transform lives, businesses and economies.” This is the theme at this year’s Dell World opening keynote and this view is supported by Gartner’s…

Vets360 Founder Rick Collins Being Honored at the ‘Champions’ Leadership Conference

By G C Network | October 20, 2014

Veteran’s 360 and Rick Collins, Founder & Executive Director of Vets 360, Inc., are being honored at this year’sChampions Leadership, and Research Conference™ . This event, November 6th-7th, 2014 at…

“Cloud Musings” Joins Dell Content Provider Network

By G C Network | October 16, 2014

Cloud Musings, a GovCloud Network Property, is proud and honored to announce that we will now be serving over 3 Million Dell Community online daily viewers. Our content will focus…

Grounding the Cloud: Basics and Brokerage

By G C Network | September 29, 2014

“Picture Ben Franklin attempting to harness energy from a lightning-filled sky. The key tied to his kite was the middleman between electricity and the ground. This book details how using…

So you won your first Government Contract… Congratulations! 

Among the new issues you will need to consider, your accounting systems, both practices and technology, will need to pass muster with Defense Contract Audit Agency (DCAA) auditors. This will require a combination of internal processes and controls. Your accounting system will need to properly delineate direct and indirect costs, must properly pool indirect costs, and must properly handle unallowable costs.

It’s likely that you are currently using Quickbooks, the dominant player in small and medium enterprise (SME) accounting. You may need a new software solution. We have seen estimates that Quickbooks’ Chart of Accounts can be restructured to make DCAA compliance possible in about a week. However, you will also need to add a DCAA compliant Time Sheet system, and will probably need to add a third party reporting system like Qqube or similar, then invest the time to create the detailed reports you want for internal analysis, as well as the invoicing and other forms you will need to submit to the agency for which you are work. If you are successful, you will have created a custom, band-aid type system with multiple vendors, which creates complexity, increasing training costs, and the likelihood of errors. Consistent with the rest of the market, Intuit is making a hard sell of both users and ProAdvisors toward Quickbooks Online – but their own internal training ProAdvisor training resources advise that using QBO for time billing is not a good fit. QBO does not handle inventory well, either, which has spawned multiple inventory add-ons for QBO.

Instead of trying to take Quickbooks Desktop where it was never designed to go, consider a fully integrated accounting, timesheet, contract management, expense management, purchasing, CRM, and Human Resource system. If your company has the I.T. resources including the required database server capacity and licenses, self-hosting may be an option. For a lot of small to medium businesses who can’t or choose not to shoulder those infrastructure expenses, accounting software that runs against a cloud database is the best solution. Ideally, though, look for the option to switch from one deployment model to the other- that kind of agility will benefit your business. ERPGovCloud meets all the functional requirements listed above, including timesheet entry for employees and/or subcontractors, ADP and Paychex export, multiple pay classes per employee, and generation of complete government invoice packages, including forms 1034 and 1035. 

https://www.vcita.com/v/govcloudnetwork/online_scheduling?service_id=51aabc42f45e417b#/staffs

[Sponsored]

Bookmark and Share

Cloud Musings

( Thank you. If you enjoyed this article, get free updates by email or RSS – © Copyright Kevin L. Jackson 2012)
–>

Follow me at https://Twitter.com/Kevin_Jackson
Posted in

G C Network