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Accounting System Reviews - Companies that choose to contract with the government must structure their accounting system to meet certain defined criteria. Accounting systems must be reviewed to assess: (1) whether the system is adequate to accumulate and report costs on Government cost-type contracts, (2) whether the costs are fair and reasonable, and (3) whether the costs billed are the actual costs incurred by the contractor. Contrary to some beliefs, when all of the applicable criteria are met, your system is deemed adequate; no matter what accounting software you are using. PDE has the experienced and knowledgeable staff to setup your accounting software to meet Federal Government requirements and pass a DCAA accounting system review. |
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| SMALL BUSINESS | MID-SIZE BUSINESS | LARGE BUSINESS |
| Quickbooks—Many small businesses may not realize that most lower-end or over the counter programs such as Microsoft’s Quickbooks, can be set up, and when used properly, meet the requirements for government contracting purposes. | ERP-GOV-This is a cost-effective, Government compliant accounting & contract management system integrated with time collection, automated invoicing, and enterprise-wide support modules. Its options include purchasing, HR, and recruiting. Its Web Portal option includes web timesheets for employees and subcontractors, managers’ dashboard, company Intranet site, and on-line job posting/applications. Deltek’s GCS Premier—This is a powerful solution that manages corporate finances and project accounting, while reducing operating costs and expensive risks. GCS Premier can meet the financial management and audit needs of even the most demanding government contractor. |
Deltek’s CostPoint—This sophisticated, project-based enterprise software can be integrated across all components of an enterprise. It allows businesses to get project information at any level of a work breakdown structure and eliminate redundancy. |