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Government Contractor Accounting Software: From Cost Accounting to DCAA Compliance

Government contractors span a huge variety of different business models. One thing that all government contractors have in common though is a high level of oversight. With the increased importance of financial transparency there is a particular need for strong accounting controls. The right accounting software can help your government contracting company ensure financial visibility for the different monitoring organizations and compliance with relevant regulations. Discover more about the variety of government contractor accounting software solutions on the market and the capabilities of these systems in this article.

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The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter

What can government contractor accounting software do for you?

Accounting software designed for your government contracting business can help you account for costs, revenues, and profits, while providing the ability to view the information on a per project basis. With the right accounting tools you can establish easily auditable financial records. While writing custom software is always an option, it can be expensive and difficult to maintain a custom program. With the huge variety of options already on the market, there is likely a solution that will meet the needs of the way you do business without the hassle and expense of customization.

A wide variety of accounting applications and features

The scope of the different applications and modules available to government contractors is as varied as the types of businesses that perform government contract work.

Accounting software packages designed for government contractor companies offer a full range of financial management tools. Accounting features include the ability to print checks, pay bills, track expenses, manage payroll, create orders and invoices, manage receivables, establish budgets, perform bank reconciliations, and create top level financial reports.

Additionally, there is a huge variety of applications available to meet your specific operational needs. For example, manufacturers will find MRP, inventory control, and bill of materials modules, while food services firms can benefit from point-of-sale solutions. Other typical applications can include time and billing, job costing, CRM, e-Commerce, and work order management to name just a few.

One common need for government contractors is functionality to assist with bid and proposal processes. Applications are readily available that will help manage a portfolio of projects, while assisting in developing bids and managing on-going work for specific projects.

Government contractor accounting regulations compliance

Government contractor organizations are among the most frequently audited businesses. Compliance with assorted regulations is part of doing business as a government contractor. Especially for smaller government contractors, there may be little expertise in dealing with audit agencies and the wide variety of different regulations. Software specifically designed to promote regulatory compliance can be of enormous assistance in helping your organization meet DCAA, DCMA, IG, and GAO standards.

Maximizing productivity and lowering costs with the right software

The right accounting software should do more though than simply ensure regulations compliance. It should provide you with the tools you need to boost your the profitability of your business and lower your operational cost. By more effectively monitoring profitability you can better identify which projects are most financial beneficial to your business and gain insights into the departments, processes, and projects that you need to improve. Additionally, automating your processes can not only save you time, but help you avoid costly errors that arise frequently when data is not integrated or needs to be manually re-entered in multiple systems.

Popular Government Contractor Software Products

Looking for software for your Government Contracting business? Over the years, we’ve helped match thousands of businesses just like yours with great software. Below you can check out a list of the options most commonly considered by others in your industry. Browse for fits or let us help you find the best choices for your needs.

Which software is right for you? Get quick and accurate recommendations.

What if you could simply tell someone about your software needs and they’d find your best choices? Look no further. We’ll listen to your needs and find your top software matches. That’s it. There’s no pressure, no cost.

The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter
  • JAMIS Prime ERP by JAMIS Software

    JAMIS Prime ERP is simply the most intuitive and agile Cloud ERP solution for government contractors, offering integration across all key components of your business. JAMIS Prime enables you to leverage the cloud not only to connect with your...

  • GCAS (Government Cost Accounting System) by GCAS

    Track Your Contract Project Costs with a complete Accounting System! Experience significant cost savings as you better control operating costs, increase labor efficiency, support DCAA audits, monitor company cash flow, and effectively manage...

  • eFAACT by eFAACT

    eFAACT is the proven QuickBooks solution for meeting DCAA compliance requirements. SIMPLE, CONSISTENT and AFFORDABLE. Time Tracking Compliance: TimeCard Web for employees and consultants Online work authorization reference TimeCard...

  • ERPGOV Cloud by ERP-GOV

    If you are a Federal Government contractor or a Professional, Consulting, & Business Services provider, ERPGovCloud is your complete support solution. ERPGovCloud includes a DCAA compliant accounting system for Government Contractors - and...

  • DCAA‑Assist by DCAA-Assist

    DCAA-Assist is here to help you navigate and master the complexity of government contracts requirements so you may develop and implement accounting solutions that are fully compliant with these unique accounting and reporting regulations....

  • ContractEdge by Joseph Eve

    Give your organization the advantages of a modern cloud financial solution: lower cost, more productivity, and more security Get high ROI and continuous value from your cloud accounting software provider, not just a maintenance bill. With...

  • DCAA On‑Demand by Daston

    Helping Government Contractors Automate and Manage Business Processes. As a federal contractor, Daston Corporation understands the unique cost accounting requirements for businesses that sell to the U.S. federal government, and has leveraged its...

  • Light4 by CCAS

    A comprehensive, full-featured, financial and project cost accounting and project management application designed for multi-user access across all TCP/IP networks....

  • Corp_ProSM by PDS Business Systems & Services

    CorpProSM is a revolutionary new tool for small government contractors and non-profits. It offers a completely self contained DCAA compliant job cost accounting combined with an enterprise management system...with no up front costs and no special...

  • S2 Project Accounting by S2

    Designed for MAS 90 & MAS 200 Platform Government contractors know all about the Defense Contract Audit Agency. So do we! In fact, S2 Incorporated originally designed the S2 Project Accounting™ module after extensively working with...

Your Government Contractor Software Recommendations

Ready to find out which software solutions are best suited for your business? Great! Understanding that you are searching for your Government Contracting business gives us a good start. We’ve helped many companies find everything from single modules to full financial management systems. With a bit more information about your unique needs, we’ll narrow down to the choices meeting your specific functional requirements.

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