An Intacct add-on for government contractors
Get high ROI and continuous value from your cloud accounting software provider, not just a maintenance bill. With ContractEdge powered by Intacct, you receive automatic quarterly upgrades that are touch-free for you–no business disruption, no costly upgrade projects. You can eliminate hardware costs and IT effort from your cost of ownership. And Intacct deliver worldclass, backups, and disaster recovery, protecting your financial data and system at a much higher level and lower cost than if you did it yourself.
Make it easy for your team to increase productivity. The cloud based government contract accounting software is browser-based and mobile-friendly, so you can use it at any location, on any device. Feel free to enter data on your laptop, see information on your iPad, and approve transactions from your mobile phone. Plus, it’s a pleasure to use. Unlike solutions that have merely adapted their 20-year old screen for a browser, Intacct’s cloud-native UI was designed from the start to offer a modern, intuitive user experience. Finally, there are no backups to do or technology to maintain, so your team can be totally focused on finance.
Intacct takes security seriously. Here are a few of the details:
Step 1 - Plan A clear understanding of the contracts you have and the rules and regulations surrounding your contracts is the first step to achieving compliance.
Step 2 - Collect Time collection rules are explicit and you need a solution that adheres to the rules. Intacct time and expense management is fully integrated into the project accounting module. Want even more automation of expense and time management? No problem, there are a number of great solutions with deep integration into Intacct – we recommend Nexonia
Step 3 - Accumulate A robust project management solution should be in place to capture all direct cost by contract and contract line number. Intacct’s project management module is designed to fit this requirement
Step 4 - Segregate Direct costs must be segregated from indirect costs and allowable costs must be segregated for unallowable costs. Intacct’s multi-dimensional capabilities coupled with a robust chart of accounts fulfills these needs.
Step 5 - Allocate Indirect cost need to be allocated out to intermediate and final cost objectives. JOSEPH EVE’s ContractEdge handles this with the click of a button.
Step 6 - Educate A perfect plan with excellent technology does not ensure compliance. It is imperative that a qualified staff of experts continually execute on the designed plan (and adjust where necessary).
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