At its core, the term labor distribution is the process of allocating and categorizing labor costs to specific projects or tasks based on the actual work performed. In the context of government contracting, this means tracking how each hour of work is spent across different contracts or projects. This is not merely a financial or…
The Small Business Administration (SBA) maintains strict rules and regulations around timekeeping to ensure transparency, prevent fraud, and safeguard taxpayer funds. In this blog post, we’ll explore the basic DCAA compliance requirements for SBA-compliant timekeeping and provide tips for maintaining accurate records. Basic DCAA Timekeeping Requirements Record All Hours Worked: All hours worked, including both…
Government contracts demand precision when it comes to managing accounting and timekeeping. Employees often use QuickBooks government contracting to help with accounting. However, the program needs help to meet strict DCAA compliance requirements. That’s where Hour Timesheet comes in. We know the challenges government contractors face and have developed a solution to streamline your QuickBooks…
The Defense Contract Audit Agency (DCAA) sets forth compliance regulations that primarily apply to businesses and contractors engaged in services for specific government agencies therefore its worth a read to better understand the importance of DCAA compliant timekeeping and who is subject to these specific requirements and regulations. Department of Defense (DoD) General Services Administration…
