It is important to have your financial system Dcaa compliant. It is vital and very helpful not only in managing accounts but will also help you to manage time well. Apart from that, it will play a significant role in winning defense contracts for you as well. There are times when you cannot respond to any proposal simply due to the reason that your system is non-compliant. The DCAA will do it all for you. It will perform the contract audits necessary and also provide you with advisory services regarding finance and accounting for all your contracts.
Get All Necessary Information
With the help of DCAA accounting that works through auditing contractors, you are ensured that the contracting officers of the government will have all the necessary information required to establish reasonably fair contracting prices. It will also ensure that the accounting system is compliant with all applicable rules, terms and regulatory measures of the contract. It is important to calculate the indirect rates and is fundamental in the government contracting world.
Help In Better Accounting
You will get immense help in managing your finance and unallowable cost accounting with such system that is DCAA compliant. Better accounting practices, monthly reconciliations, tracking all costs, maintaining the cost objective will all be easy and more effective. These beneficial factors will not only help you to pass but also receive the highest rating. Therefore, it is paramount that your system is DCAA compliant to be competitive as well as be able to provide services to DoD clients.
