Revolutionary Solutions receives several calls in reference to what accounting system should a Government contractors maintain to pass a Defense Contract Audit Agency (DCAA) approved accounting system. There are several accounting systems, if you setup your chart of accounts correctly, your system can become compliance with DCAA. The DCAA is responsible for auditing government contracts to make sure that contractors are complying with all applicable laws and regulations. A DCAA approved accounting system helps to ensure that contractors are keeping accurate records of their financial transactions and that they are properly accounting for all government funds that they receive. This helps to protect the government from fraud and waste.
There are many different accounting systems available on the market, below is not an exclusive list. Please review each system to make sure it meets your organization’s needs and requirements.
- JAMIS Prime ERP is a comprehensive enterprise resource planning (ERP) system that offers a wide range of features, including accounting, project management, and human resources. JAMIS Prime ERP is DCAA compliant and is used by a wide range of government contractors, including large corporations and small businesses.
- Unanet is a cloud-based accounting system that is specifically designed for government contractors. Unanet is DCAA compliant and offers a wide range of features that are specifically tailored to the needs of government contractors.
- Deltek Costpoint is a comprehensive accounting system that is used by a wide range of businesses, including government contractors. Deltek Costpoint is DCAA compliant and offers a wide range of features, including accounting, project management, and contract management.
PROS is a cloud-based accounting system that is specifically designed for government contractors. PROS is DCAA compliant and offers a wide range of features that are specifically tailored to the needs of government contractors.
Table of Features
The following table compares some of the features of the accounting systems:
|Feature||JAMIS Prime ERP||Unanet||Deltek Costpoint||PROS|
As you can see, all of these accounting systems offer a wide range of features and are used by a wide range of government contractors. The best system for you will depend on your specific needs and requirements.
If you would like to discuss further, we would be happy to introduce you to a point of contact representative. Please reach out to us.