For the accountant or bookkeeper who needs reliable DCAA Compliant Timekeeping Software, the decision can be overwhelming. With so many options on the market, it can be difficult to decide which software is the right fit for your business. QuickBooks Time is one of the more popular solutions, but it may not be the best…
An Incurred Cost Proposal is an important document for contractors who work on cost-reimbursable contracts with the government. It helps them accurately calculate their indirect costs and ensure that they are compliant with government regulations. Accurate employee timekeeping records are essential for ensuring that this process goes smoothly and efficiently. In this blog post, we…
QuickBooks has been a go-to accounting software for small business owners for decades. However, Intuit, the company behind QuickBooks, is now making a push to move all its users off the legacy QuickBooks Desktop platform and onto the newer, cloud-based QuickBooks Online subscription model. The company has been aggressively promoting the benefits of QuickBooks Online…
As the AI industry continues to develop and advance, there has been some concern that accountants may eventually be replaced by AI-powered programs. However, it’s important to remember that while AI can certainly enhance certain aspects of accounting work, there are certain tasks that still require the personal touch and expertise of a professional accountant….
If you’re working as a government contractor, you’re likely familiar with the importance of staying compliant with regulations from agencies such as the Defense Contract Audit Agency (DCAA). However, the government contracting landscape is constantly changing, and contractors must remain aware of evolving compliance issues. Here are some future industry trends for government contractors and…
The government frequently extends contracts to small- and medium-sized government businesses to cover its varied needs. Winning such a contract offers businesses a tremendous financial opportunity, but it comes with some essential responsibilities. The U.S. Department of Labor (DOL) and the Department of Defense (DoD) work with the Defense Contract Audit Agency (DCAA) to ensure…
Economic uncertainty is something that affects everyone, especially small business owners. Government contractors are no exception, and the current climate only heightens that uncertainty. However, there are ways to mitigate risk and take advantage of growth opportunities. A robust time and attendance software can help companies navigate these uncertain times by providing the necessary data…
What are Indirect Rates? Indirect rates are basically a way for companies to account for the costs that are not directly related to a specific project or product. These costs are often necessary for the company to function, but they can’t be directly linked to a specific product or service. An indirect rate is a…
The term ‘DCAA compliance’ when referring to your timekeeping procedures is often just thrown around. But what is DCAA compliance, and what does it mean for your business? If you don’t understand what that means, Keep reading this blog post for assistance for keys to understanding DCAA Compliant Timekeeping What Is the DCAA? What does…
As the number of remote employees grows, employers need to understand the importance of accurate employee and contractor timekeeping. For government contractors who often use a timesheet system, it’s important to ensure that all employees are accurately tracking their hours and work activities. Here’s why accurate timekeeping is an essential part of managing remote workers….