June 7, 2017
Being a Government Contractor means needing to ensure timesheet compliance. Although systems themselves cannot be certified as compliant, the right systems built with the right solutions can make your job of producing compliant results, much easier.
When planning a federal government compliant Time capture system, there are a few factors you need to consider:
An Organization’s projected growth plan. The design and implementation of a system should factor in the future growth expectations of. your organization. Doing so will help prevent your organization from out growing the current design in the short-term business operations by making room for expected growth.
Current use of Manual tracking and reporting. Manual tracking and reporting tends to engulf large amounts of time and risk of inaccuracies.
Reconciliations between ancillary systems. Although the comfort of spreadsheets is prevalent in smaller organizations, the pros and cons of manual spreadsheets and reports need to be weighed. An ancillary system source for details ultimately will require manual reconciliations between the timesheet labor reported, the project management reports, as well as the financial and indirect reporting.
While it is known a software system alone is not certified as a compliant time capture system by the federal government. The software product design, implementation and well defined internal policy and procedures combined for a purpose-built system results in a federal government compliant timesheet and utilization reporting tool. Daston’s DCAA-on-Demand SuiteApp, built on NetSuite for Government Contractors by Government Contractors, is specialized in these areas to provide a solution for federal contractor timesheet and reporting compliance.