With complex demands and oft-changing contract and accounting regulations, government contracting work can be a headache. And with today’s heightened awareness about how taxpayers’ money is spent, the regulations and requirements are likely to become even more binding. But your organization can avoid the common accounting mistakes of government contracting—and, in so doing, comply with [...]
continue reading...Posts Tagged ‘government contracting accounting software’
6 Requirements for Government Contract Accounting and How Dynamics SL Meets Them
Are you performing or considering federal government contracting? Then you need to know these government contract accounting requirements and how your accounting software and supporting partner can help you fulfill them. Pursuing government contracts can be a huge boost for any project-centric company. But unless you’re well prepared, it also can be an enormous headache [...]
continue reading...What Is So Unique About a Government Compliance Accounting Solution Anyway?
Compliance, compliance, compliance! As a software professional with over 15 years in the government contracting market, I find the that the fear of failing a DCAA audit is the biggest driver for government contractors to search for a new financial accounting package. Whether you are a start-up, have won your first cost-plus contract, or are facing [...]
continue reading...DCAA Compliance Made Easier with Microsoft Dynamics SL
Gaining financial and operational control over projects is critical to ensuring compliance with the government and profitability for your organization. Government Contractors face challenges including generating reports, capturing cost by cost objective, tracking allowable vs. unallowable costs, and more. SBS Group & Microsoft Dynamics SL provides a Government Contracting solution with benefits including: Traceability of [...]
continue reading...Dynamics SL Well Suited for Government Contractors’ Unique Accounting Needs
Doing business with the government creates great opportunities and challenges. On the one hand, the Federal government is the largest purchaser of goods and services in the world. But governments are answerable to their stakeholders – the citizens. This creates a myriad of rules, regulations, governance, and compliance. Government contracting means facing DCAA audits and [...]
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