DCAA Compliance
Get the Information You Need for DCAA Compliance
In 2003, the DCAA audited nearly $160.9 billion in government contracts, netting approximately $2.2 billion in savings. Can you be sure all DCAA requirements are properly documented at your company?
Sage TimeSheet provides a cost effective and efficient way to help you effectively monitor the overall integrity of your labor and time-keeping system. With its powerful auditing feature, Sage TimeSheet takes the worry out of government reporting compliance, helping you avoid costly penalties and lost revenue. Sage TimeSheet provides an audit trail for additions and changes to time and expense entries, components, tasks, budget, and security settings. A date and time stamp let’s you document changes for verification purposes.
A comprehensive audit trail assures documented compliance that meets DCAA Contract Audit standards, including:
- Password security and an audit trail of logins and logouts.
- End-user training classes available both on-site and in a web-based online format.
- Time tracking by task against a defined overall budget.
- Multi-level configurable approval processes, and a reportable audit trail of all changes and approvals.
- Tracking of employee time with up to nine levels of detail, as well as detail reporting to provide labor distribution.
- Defined rates to employees and the ability to override for specific task-based rates, with all changes captured in the audit trail.
- Extensive, built-in pay rule functionality, including the ability to export to payroll applications.
- Time entry and modification records backed by an audit trail
