Ensuring Bid Compliance With DCAA Compliant Accounting Software For Government Contractors
The Defense Contract Audit Agency (DCAA) provides contract audits on proposals presented to the federal government and financial services for the U.S. Department of Defense. Many people have the common mistaken idea that the DCAA is a sort of regulatory body seeking to legislate accounting software for government contractors. However, this is far from true. The DCAA helps the U.S. Department of Defense negotiate and settle contracts and provides financial services for the federal government. DCAA compliant accounting software is more valuable when it comes to the practices used to create pricing and contracts than satisfying government regulations.
In the future, the DCAA will help determine which government contractors receive the award for federal projects. Using practices the DCAA considers valid and the right accounting software for government contractors is the best way to have a bid accepted. Stanley Stuart Yoffee & Hendrix, Inc. (SSYH) supports the use of Microsoft Dynamics DCAA compliant accounting software in government contractor services, including Microsoft SL (Solomon), Microsoft GP (Great Plains), and Microsoft NAV (Navision).
Enterprise Resource Planning
The DCAA wants to see a traceability of documentation when it comes to accounting software for government contractors. DCAA compliant accounting software must move past regular accounting functions like those with QuickBooks. It need to integrate an enterprise resource planning (ERP) system, an integrated computer software system used to compile, manage, and organize the information, functions, and resources of a business.
ERP offers document traceability by using the shared resources of a company to make the indirect and direct costs connected with a proposal transparent, a huge advantage of DCAA compliant accounting software. The main benefit over regular accounting software is that proposals will better aggregate all of the aspects of a proposal instead of just what the accountants see. For instance, Microsoft Dynamics is a totally integrated software package that is ideal accounting software for government contractors and enterprise resource planning. SSYH makes use of this type of ERP software in our services for government contractors.
ERP Software Advantages
The advantages of integrating ERP software into accounting practices goes past simple compliance. Producing the information the Defense Contract Audit Agency requires is also a great way to understand your own company's state. Linking the front of a business with a finished project is a bonus in itself. Communication between departments, people, and technologies eliminates errors due to miscommunication, decreases waste, and improves productivity.
ERP software systems offer companywide accessibility and a centralization of resources. This technology builds a bridge between accounting, design, and manufacturing. Companies can lay out the revenue cycle, from invoices all the way to receiving payment and zeroing balances. The transparency the DCAA considers when determining bid selection also helps a company run more effectively, which can result in generating larger profits due to cost reduction.
The full view of a company offered by an efficient ERP software system is critical to DCAA compliant software that results in DCAA contract acceptance. Although providing this additional layer of transparency helps, government contractors should also improve their own processes by building bridges between departments and eliminating waste and redundancy. Improving bids is the best way for government contractors to increase their business.
SSYH can ensure an excellent bid with Microsoft Dynamics DCAA compliant software, including Microsoft SL (Solomon), Microsoft GP (Great Plains), and Microsoft NAV (Navision).
We carry accounting software for government contractors!
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