PROCAS Accounting
5 Reviews 4.5/5 ★ ★ ★ ★ ★A DCAA-compliant accounting software with integrated timekeeping capabilities.
Product Overview
PROCAS is a DCAA-compliant accounting software with integrated timekeeping capabilities. It includes handling of indirect rates for billing and the ability to generate detailed and customizable reports. The software features a full disclosure general ledger, budgeting tools, accounts payable and receivable management, and labor distribution.Pros
- Connects to bank accounts
- Easy to close and reopen accounting periods
Cons
- Customization of indirect rates can be time-consuming
- Limited report options
Target Market
Small to mid-sized government contractors with between 10-250 employees and annual revenue between $1-100 million.PROCAS is a DCAA-compliant software supporting accounting, timekeeping, expense reporting, and project management, with API connectivity to business intelligence systems like PowerBI. The standard accounting subscription includes built-in financial, project backlog, and profitability reports.
The implementation process is designed for quick setup, saving time and reducing fees. The team customizes the system to meet specific needs while ensuring DCAA compliance.
PROCAS Key Features
- Timesheets designed to support DCAA compliance seamlessly flow into the accounting system
- Expense reports with built-in Joint Travel Regulation (JTR) per diem rates and rules
- A default chart of accounts allows for a streamlined implementation process
- Reports for management
- WebAPI for business intelligence systems
- Full disclosure general ledger
- Budgeting
- Accounts payable
- Accounts receivable
- Labor distribution
- Labor utilization reports
- Financial statements
- Automated billing
- Indirect rate calculations and allocations
- Job cost ledger
- Project cost report
- Project funding backlog
- Incurred cost submission support
PROCAS Pricing
The monthly cost for a client in need of 1 accounting user, and 5 standard users (timekeeping, expense reporting, management reports, and WebAPI) is $295. There are no long-term contracts.
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- Professional Services
- 11-50 employees
- Annual revenue $1M-$10M
PROCAS was a competitive second
We have reviewed several options, immediatley excluding WrkPlan as they did not offer revenue recognition. We looked at Aspire but also found key features lacking. We narrowed the search to PROCAS and Deltek. PROCAS was able to meet all our needs and felt familiar because the developer had worked previously with Deltek. In the end however, the only reason we chose Deltek was prior experience, though PROCAS was a competitive second.
- Professional Services
- 11-50 employees
- Annual revenue $1M-$10M
Best scalable government accounting compliant software
Procas is the best scalable government accounting compliant software for small businesses
Pros
Best features of the software: Licenses are scalable , you only pay for the ones you are using. All details post to the general ledger so you can always find the data you are looking for. T&E is integrated. No spending time making sure the mapping and separate platforms are working together correctly. Billing set up and processes make it almost impossible to invoice the incorrect amount. Incurred Cost Reports make filing your ICE to DCAA much easier.
Cons
Approval work flow from the system.
- Diversified Financial Services
- 1-10 employees
- Annual revenue $0-$1M
One of my favorite aspects is the integrated time and expense system
PROCAS is a great cost accounting system that was designed with government contractors in mind. Although its capabilities allow for it to be a great system for any company that has a project based business model.
Pros
One of my favorite aspects of the software is the integrated time and expense system. It automaticall y calculates mileage and per diem rates. I also find the audit report to be of particular usefulness. It allows for accountability when several users access the system.
Cons
The system allows for budgets but does not allow for forecasting.
Great full-cycle accounting system for government contractors
PROCAS is a great full-cycle accounting system for government contractors looking for a DCAA compliant accounting system that hits all the marks, is user friendly and can be customized to meet your company’s needs. All, without spending thousands of dollars a month.
Pros
The team is consistently upgrading and enhancing the system. The menus and modules are not cumbersome and are easy to navigate.
Cons
I would like to see the budgeting/forecasting functions enhanced.
PROCAS Review
PROCAS is an excellent GovCon accounting system for small contractors who must be DCAA compliant.
Pros
Easy start, simple to use, meets regulation, low cost.
Cons
DOS look, but I know the upgrade is in the works.
