Tags » Accounting System

Some of Those Pesky Questions Surrounding Timekeeping

With DCAA’s announced return to audit functions other than incurred cost proposals (Annual Report of Congress 2015), contractors need to dust off those policies and procedures and ask themselves a couple of questions. 425 more words

DCAA Relations

GAO Ruling Supports GSA Decision that Favors DCAA Accounting System Audits Over Private Firm Audits

A recent GSA RFP awarded 9.15%  (7,600 out of 83,100 points) of possible RFP scoring points for approved accounting and purchasing systems, systems approved by DCAA or another government agency. 350 more words

DCAA Relations

Really? Meals and Entertainment Expenses

While working on another project this morning, I recalled that twice in the last year; two separate DCAA auditors working thousands of miles apart, asked why the contractor had separate accounts for Meals and Entertainment in their Chart of Accounts.

Enough said?

DCAA Relations

Point of Sales Systems - Choosing the Right POS for Your Business

I have spent the last 15 years in the Hospitality Industry, this has given me the opportunity to explore various Point of Sales systems. I would like to use this knowledge to give you and idea on what you should look for in a POS System.Purchase and Maintenance CostThe First thing anyone will consider is the cost, many companies will offer systems that might seem to be the same but have a huge difference in price. 590 more words

Part Two – Early Childhood or “How DCAA, Contractor, and Consultant Can Ruin an Audit”: Souring the Milk

When the contractor bid on the Air Force contract they had no written policies and procedures, utilized a popular accounting software package, and operated with an alphabetized chart of accounts (not really, but that is what their outside tax CPA claimed). 1,872 more words

DCAA Relations

The Life of a Contractor: Part Two – Early Childhood or “How DCAA, Contractor, and Consultant Can Ruin an Audit”

Despite the apparent belief by the Air Force that DCAA would not show up, DCAA did. The contractor, with no professional accounting staff and an outside tax CPA who disavowed all knowledge of government contracting, hired an outside consultant (not me). 997 more words

DCAA Relations