by GovCon365 | May 1, 2025 | Blog, DCAA Compliance, Government Contracting
SUMMARY: Government contractors must adopt specialized Enterprise Resource Planning (ERP) systems that transcend standard off-the-shelf capabilities to effectively manage complex DCAA compliance, intricate project cost accounting, and strict security regulations....
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 | Nov 4, 2024 | Blog, Compliance, Microsoft Dynamics 365
SUMMARY: Microsoft Dynamics Business Central, enhanced by the GovCon365 app, provides government contractors with a comprehensive business management solution that ensures DCAA compliance while driving financial and operational efficiency. The platform offers robust...
by GovCon365 | Dec 10, 2020 | Accounting, Blog, DCAA Compliance
SUMMARY: Government contractors must maintain precise accounting and labor standards to survive various Defense Contract Audit Agency (DCAA) reviews, which range from initial system validations to unannounced floor checks. Accounting System Reviews verify financial...
by GovCon365 | Oct 1, 2020 | Blog, DCAA Compliance, FAR
SUMMARY: Government contractors must distinguish that while the Federal Acquisition Regulation (FAR) dictates the allowability of specific costs charged to the government, Cost Accounting Standards (CAS) govern the allocability and accounting consistency of those...
