Take the Next Step in Securing Your Government Contracts!
As a Government Contractor handling flexibly priced contracts, such as Cost Plus or Time & Materials (T&M), you know that compliance isn’t optional—it’s foundational. To secure and succeed with these contracts, you must be prepared to pass a Defense Contract Audit Agency (DCAA) 1408 audit. This audit is critical; it validates that your accounting systems and internal controls are adequate to track costs accurately and ensure government compliance, enabling reliable cost reimbursement.
While the Daston DCAA-on-Demand NetSuite SuiteApp Client provides the essential system for managing these requirements, a compliant system is only half the battle. The DCAA requires comprehensive, documented policies and procedures that govern your financial operations across all key compliance areas.
The Missing Piece: DCAA-Compliant Policies and Procedures
The Daston DCAA-Readiness Policy & Procedure Package provides the essential documentation required to complement your NetSuite solution and prepare you for a successful DCAA 1408 audit. This offering delivers the full suite of required policies and procedures, ensuring your entire operation meets the stringent standards for government contracting. This package includes documented policies and procedures for all seven mandatory compliance areas:
Accounting for Unallowable Costs
Policies that ensure unallowable costs (e.g., entertainment, certain advertising) are correctly identified, segregated, and excluded from billings and final contract costs.
Allocation of Indirect Expenses
A documented, compliant process for pooling and allocating indirect costs to final cost objectives (contracts)
Subcontractor Costs & Accounts Payable
Procedures for managing and accounting for costs incurred by subcontractors, ensuring they meet the same compliance standards.
Timekeeping & Labor Distribution
Clear procedures for accurately recording and allocating employee time and labor costs.
Direct Costs vs. Indirect Costs
Defined criteria and methodology for classifying costs appropriately, which is vital for accurate contract pricing and invoicing.
Accumulation of Direct Costs
Detailed methods for gathering and tracking costs that can be directly identified with a specific contract.
Limitation of Cost or Payment (Budget Monitoring)
Controls and procedures for actively monitoring contract expenditures against budget ceilings to prevent cost overruns and maintain compliance with funding limits.
Ensure Your Systems and Documented Procedures are Aligned for DCAA Success!
- Mitigate Audit Risk: Directly addresses the required documentation for the DCAA 1408 audit, significantly reducing the risk of audit findings and contract payment interruptions.
- Achieve Full Compliance: Ensures your entire organization—both your system (DCAA-on-Demand) and your operational rules (Policies & Procedures)—is fully compliant with Federal Acquisition Regulation (FAR) and DCAA standards.
- Accelerate Readiness: Get immediate access to expertly written, DCAA-compliant documentation without the extensive time and cost of developing it from scratch.
- Enhance System Integrity: Provides the necessary framework to govern the use of your Daston DCAA-on-Demand SuiteApp, ensuring data integrity and reliable reporting for government reliance.