by GovCon365 | Nov 18, 2024 | Blog, DCAA Compliance, Government Contractors
SUMMARY: To secure federal contracts and ensure timely payments, government contractors must maintain accounting systems that strictly adhere to Defense Contract Audit Agency (DCAA) standards. Non-compliant financial systems trigger lengthy audits, payment delays, and...
by GovCon365 | Jul 31, 2023 | Blog, Government Contractors, Microsoft Dynamics 365
SUMMARY: Microsoft Dynamics 365 Sales offers a comprehensive CRM solution that empowers businesses to increase revenue and efficiency by automating sales operations and leveraging real-time customer insights. The platform significantly improves sales performance by...
by Paul Skurpski | May 12, 2023 | Accounting, Blog, Government Contractors
SUMMARY: Government contractors utilizing specialized accounting software often encounter significant operational hurdles regarding customization, integration, and cost, requiring them to proactively manage these systems to maintain compliance. Contractors frequently...
by GovCon365 | Dec 5, 2019 | Blog, Government Contractors, Timekeeping
SUMMARY: Government contractors must strictly adhere to Defense Contract Audit Agency (DCAA) timekeeping regulations to prevent fraud and ensure accurate labor distribution on taxpayer-funded projects. Employees must personally record all direct and indirect hours...
