As government contractors, we have either experienced this audit or have it looming in our near future. This article is intended as a refresher for those who have experienced the audit and a helpful resource for those who are anticipating it. This whitepaper outlines the vital steps as a Government Contractor you need to take when you or any government contractor changes your accounting system.

Thousands of clients use NetSuite as their Enterprise Resource Planning (ERP) system of choice to manage their businesses. The Daston Corporation provides the only application “Built for NetSuite” that ensures U.S. Federal Government Contractors can obtain and maintain Federal Acquisition Regulation (FAR) and Cost Accounting Standards (CAS) compliance. Daston is committed to providing “NetSuite Compliance Ready Software” as part of our DCAA-on-Demand SuiteApp and service offerings.

Thousands of clients use NetSuite as their Enterprise Resource Planning (ERP) system of choice to manage their businesses. The Daston Corporation provides the way for U.S. Federal Government Contractors to obtain and maintain Federal Acquisition Regulation (FAR) and Cost Accounting Standards (CAS) compliance. Daston is committed to providing “NetSuite Compliance Ready Solutions” as part of our DCAA-on-Demand SuiteApp and service offerings. To provide further support to our GovCon user community, Daston is sharing our roadmap for obtaining CMMC and how we plan to help our clients prepare for these new regulations in 2020 and beyond.

One of the enjoyments of being a government contractor is building out the Incurred Cost Submission. Manually gathering all the data for the year and inputting it into a complex set of schedules can take weeks. Daston’s DCAA-on-Demand can reduce that burden from weeks to minutes with a fully functional Incurred Cost Submission report mirrored directly from the DCAA ICE Model.

Maintaining precise accounting records is crucial for government contractors, particularly when working on specific types of government contracts. However, many contractors find it extremely challenging to keep pace with the constantly changing regulatory requirements, which makes it difficult to determine what constitutes a suitable accounting system. This whitepaper will give you a breakdown of the requirements for the SF 1408 completion and ensure your accounting system meets the criteria so you are in a successful position to be awarded prospective contracts.

The DCAA takes timekeeping seriously for valid reasons in government contracting. As taxpayer money funds these projects, timekeeping in this industry is susceptible to fraud, resulting in significant financial losses for companies, sometimes reaching $18.5 million. Hence, the government, through the DCAA, enforces stringent rules and regulations to monitor timekeeping practices in the government contracting sector. In this whitepaper, we outline the DCAA regulations and best practices you need to know as a government contractor.