Incorporate an accounting system with Dcaa Compliance to win a contract

 

A government contract is not easily procured and indeed there are some standards to meet. Out of them the most important is the Dcaa compliance. It means that the contractor’s accounting systems and other arrangements have to soothe the Dcaa set norms. It is only when one qualifies through this, one gets the contract. Irrespective of the size of the business one owns; it has to be in accordance to Dcaa.



As per the Dcaa compliance any business needs to fulfil the following:

·       The business should imply and incorporate a system that marks a daily record of the labour working on the project. It must also update the hours they worked for and the number of paid and unpaid leaves.

·       In order to get through the audit, the system implemented should be able to provide detailed information on the labour.

·       The report made ready should be proper to explain the total time consumed by the labour and should timely update the report on monthly basis. It should also support the one who was in charge of the work and actually fulfilled it. Also, any change in the report should be explained satisfactorily.

·       The report submitted must contain the details of the incurred cost submissions. And how much time is contributed to the task is to be explained including the extra time the labour contributed.



If one is able to handle these things on their own then it is superb, but then not all businesses that compete for the contract can manage this task. And hence, for them there are companies like Dcaa Consulting that offer the best support including SF 1408.