When you are in the business of federal government contracts, DCAA compliance is non-negotiable. DCAA stands for the Defense Contract Audit Agency. QuickBooks provides an accounting package that is well suited for small to mid-sized businesses looking for DCAA compliance. QuickBooks offers two options and several different versions depending on your unique business requirements. QuickBooks…
Three Solutions Working Together – If you use ADP Run, ADP Total Source or ADP Workforce Now as your payroll provider and do your invoicing in QuickBooks, you’re in luck. The Hour Timesheet integration with QuickBooks and ADP is simple and fully DCAA Compliant. This time tracking software gives you everything you need to track…
The term ‘DCAA compliance’ when referring to your timekeeping procedures is often just thrown around. If you don’t understand what that means or how to verify that you are DCAA compliant, Hour Timesheet can help. Simply put, DCAA stands for Defense Contract Audit Agency. This is the federal government agency responsible for conducting DCAA audits…
What is cost accounting? What are its objectives? Are you finding it difficult to manage your expenses? You might be well aware that to run a business successfully, it is important to know to control your expenses. For this purpose, it’s important you keep a record of all your operating costs. This is where cost…
When a business undertakes a government contract, part of the agreement is for their timekeeping and accounting procedures to comply with the Defense Contract Audit Agency (DCAA). DCAA-compliant contracts require daily time tracking, precise records, detailed reporting, and specific manager approvals, all for DCAA audit purposes. Ensuring DCAA compliance can be a lengthy and confusing…
QuickBooks Integration Q&A Common Q&A for Timesheet integration with QuickBooks and Hour Timesheet Question 1. How does QuickBooks sync data with Hour Timesheet? Answer. We utilize the Web Connector (provided by QuickBooks) to sync company data between QuickBooks Desktop and Hour Timesheet in real time. The version of QuickBooks Online offers a direct sync between…
DCAA Compliant Timekeeping Software Having been in the industry for over 25 years, there are a number of key topics that continue to come up when talking with a government contractor about DCAA compliant timekeeping software and requirements and guidelines. One common theme I hear time and time again is centered around managing correction previously…
DCAA Approved Timekeeping System Is Your Company Ready? Most likely, your answer to this question is, “I don’t know”. It’s often the case that a company thinks maybe they could be ready for a DCAA audit, but has little confidence that they would pass. On the other end of the spectrum, are you a company…
DCAA Timekeeping Hour Timesheet Timesheet Sections The “My Timesheet” can be subdivided into 4 sections Clock In/Clock Out – this section is OPTIONAL Hours Worked – this section is required for QuickBooks timesheet integration and Gusto Payroll Integration Notes/Summary – section for entering daily hours worked notes or viewing leave balance data or timesheet summary…