Small business contractors working for the Department of Defense (DoD) have a duty to achieve and maintain compliance with strict government regulations and requirements. Failing to meet DCAA compliance guidelines could endanger a contractor’s current engagement or bar them from applying for and obtaining future federal contract opportunities. Regulations and requirements specific to contractors are…
Because the federal government works on behalf of U.S. taxpayers, it is essential to closely monitor contractor spending for projects. That means that any contractors must understand and comply with certain DCAA audit requirements and regulations to account for spending. There are times when a contracted business might attract the attention of the Defense Contract Audit…
If your organization has been awarded a government contract, you need to understand two government contract agencies that require your compliance: DCAA (Defense Audit Contract Agency) vs. DCMA (Defense Contract Management Agency). As of December 2021, the Department of Defense (DoD) reported working with approximately 20,000 contractors within the DOD’s area of responsibility. With so…
Time tracking remains the most effective way to measure your employees’ value to your business. It is also the most practical way to pay them for their commitment and service to your organization. That’s one reason why it is so important to find out how to keep track of employee hours. Additional benefits of learning how to…
6 Facts about Employee Time Tracking Despite the mixed feelings on time tracking, having the right time management software can be beneficial to both workers and business. Below are several time management statistics and six Facts about Employee Time Tracking to help shed some light on the process and its potential value for organizations of…
Effective time tracking software management can make a world of difference within a team or an organization. When each team member is on top of things, operations not only run smoother, but overall productivity may see a significant boost. What Is Time Tracking Software Available for mobile, desktop or both, time tracking software is a…
Time management is essential to your business because it lets you increase the quality of your work and services. Have you ever thought about implementing time management software? This lets you and your employees keep track of the time spent working on various projects and tasks, which can lead to improved productivity and morale. This…
Not too many years ago, the idea of working from home was met with general skepticism from the business world. Today, however, it seems as though remote work is here to stay. The benefits for employees are numerous, and employers are seeing higher workforce satisfaction as a result. Despite the advantages it provides, there are…
With the exception of capital, there is perhaps no more precious resource in the business world than time. Managers and team leaders need to be certain that their employees are using this resource as effectively and efficiently as possible to keep their businesses running smoothly. However, this can be challenging, especially if your team members…
It can’t be overstated just how crucial transparency and accuracy are to your clients. Not only do they count on your expertise, but also they need fair and accurate accounting of your service. This need becomes even more pronounced when working in the public sector for governmental agencies. With taxpayer dollars being used for your…