How to Make QuickBooks DCAA Compliant in Simple Steps

QuickBooks serves as a pivotal management tool for businesses, streamlining accounting tasks and financial record-keeping. However, when engaging in contracts with the federal government, companies must adhere to the Defense Contract Audit Agency’s stringent compliance guidelines. DCAA compliance involves adhering to specific government standards related to financial management and audit preparation, ensuring that businesses accurately track and report their expenses.

The importance of a DCAA-approved accounting system cannot be overstated, as it is fundamental for businesses to successfully pass audits and secure government contracts. Compliance encompasses a broad spectrum of requirements, such as detailed time tracking, expense categorization, and the maintenance of an audit trail.

In this landscape, QuickBooks alone may not fully meet the DCAA’s stringent requirements without the aid of additional tools and configurations. This gap is where Hour Timesheet steps in, offering solutions specifically designed to ensure that businesses using QuickBooks can achieve DCAA compliance with ease. From simplifying time tracking to providing audit-ready records, the synergy between Hour Timesheet and QuickBooks paves the way for successful contract management and audit readiness.

Features of Hour Timesheet’s Solutions That Enable DCAA Compliance for QuickBooks

Hour Timesheet offers a suite of features aimed at aiding businesses in achieving and maintaining DCAA compliance while utilizing QuickBooks for their accounting needs. These convenient solutions are tailored to streamline various aspects of financial management and record-keeping, specifically focusing on the critical areas of time tracking, leave management, job costing, location tracking, and mobile timekeeping.

Simplified Time Tracking

Hour Timesheet simplifies the process of tracking employees’ work hours with precision and ease, ensuring that every minute worked on government contracts is accurately logged. This level of detail is essential for adhering to DCAA regulations, which demand meticulous timekeeping practices.

Efficient Leave Management

Managing leaves becomes hassle-free with Hour Timesheet’s intuitive system, which tracks leave balances and ensures that time off is accounted for correctly in accordance with DCAA guidelines. This feature aids companies in maintaining accurate payroll processing and compliance with labor laws.

Accuracy in Job Costing

Hour Timesheet enhances job costing capabilities, allowing businesses to allocate labor and expenses accurately to specific projects or contracts. This precise allocation is crucial for DCAA compliance, as it enables clear and transparent reporting of costs associated with government contracts.

Convenient Location Tracking

For businesses that require location-specific data for compliance or operational purposes, Hour Timesheet offers location tracking features. This ensures that companies can verify where work was performed, further aligning with DCAA requirements for detailed reporting.

Handy Mobile Time Tracking

Recognizing the need for flexibility, Hour Timesheet provides mobile solutions for time tracking, enabling employees to log hours worked directly from their devices. This functionality is invaluable for fieldwork or remote assignments, ensuring compliance no matter where work is conducted.

Together, these features form a comprehensive compliance framework when integrated with QuickBooks. By addressing the essential aspects of DCAA compliance, from audit trails to reminders, Hour Timesheet equips businesses with the tools needed for smooth and successful engagements with government contracts.

Hour Timesheet Compliance Features

Hour Timesheet enhances the DCAA compliance capabilities of QuickBooks through a set of specialized features, focusing on audit trails, reminders, and seamless integration.

DCAA-Compliant Audit Trails

Maintaining a robust audit trail is a cornerstone of DCAA compliance. Hour Timesheet automatically generates detailed records of all timekeeping and financial transactions. These records include who made the entry when it was made, and what changes were implemented. This level of detail ensures businesses can achieve compliance during DCAA audits, presenting a chronological ledger of activities for verifiability.

Reminders and Notifications

Ensuring timely and accurate data entry is needed for compliance. Hour Timesheet’s system sends out automated reminders and notifications to employees and managers about submitting timesheets, approving hours, and completing other time-sensitive actions. This proactive approach minimizes the risk of late or inaccurate entries, a critical aspect of maintaining DCAA compliance.

Integration with QuickBooks for Efficient Record-Keeping and Compliance

One of Hour Timesheet’s standout features is its seamless integration with QuickBooks. This integration ensures that all financial data, from payroll to project expenses, flows directly into QuickBooks. As a result, businesses enjoy streamlined record-keeping processes and simplified financial reporting, keeping them in line with DCAA requirements without additional manual effort.

The Process: Making QuickBooks DCAA Compliant with Hour Timesheet

Achieving DCAA compliance within QuickBooks is a streamlined process with the integration of Hour Timesheet’s specialized solutions. This symbiotic relationship transforms QuickBooks into a powerful, compliance-ready platform, ensuring your business can competently manage government contracts. Here’s how to navigate this integration and setup:

Initial Setup and Integration

Begin by setting up your Hour Timesheet account. The platform offers an easy-to-follow guide for linking your QuickBooks account, ensuring a seamless sync of data between the two systems. This integration allows for the direct transfer of financial and time tracking data, eliminating manual entry errors and ensuring consistency across records.

Configuring Time Tracking Features

With your accounts synced, the next step involves configuring Hour Timesheet’s timekeeping functionalities to meet DCAA standards. This includes setting up detailed job codes, enabling precise tracking of hours spent on specific tasks or projects. The system’s customizable settings allow for the enforcement of time entry deadlines and real-time compliance checks, essential for DCAA adherence.

Implementing Leave and Labor Categorization

Define leave categories and labor distribution within Hour Timesheet to accurately reflect direct and indirect costs. This classification is crucial for DCAA audits and can be effortlessly managed through the platform, with data automatically reflected in QuickBooks.

Establishing Audit Trails and Security Measures

Hour Timesheet automatically records all-time entry modifications and approvals, creating a comprehensive audit trail that DCAA auditors could request. Additionally, set up role-based access controls to further secure sensitive data and comply with DCAA’s internal control requirements.

Regular Monitoring and Reporting

Use Hour Timesheet’s reporting features to regularly review compliance metrics and prepare for potential DCAA audits. The platform offers specialized reports tailored to DCAA requirements, ensuring you can confidently demonstrate compliance at any moment.

By integrating Hour Timesheet’s with QuickBooks, businesses can achieve DCAA compliance with ease and efficiently manage the complexities of government contracting. This combined solution streamlines compliance and operational workflows, enabling businesses to focus on delivering outstanding results.

QuickBooks Government Contracting: A Simplified Guide

Government contracts demand precision when it comes to managing accounting and timekeeping. Employees often use QuickBooks government contracting to help with accounting. However, the program needs help to meet strict DCAA compliance requirements. That’s where Hour Timesheet comes in. We know the challenges government contractors face and have developed a solution to streamline your QuickBooks workflow.

Hour Timesheet helps you achieve DCAA compliance, letting you focus on securing and delivering government contracts.

The Basics of QuickBooks for Government Contractors

QuickBooks is a popular accounting choice for good reason. It offers many benefits for businesses of all sizes. Let’s take a closer look at how QuickBooks can be used for government contract work, including its strengths and areas where it might need extra support.

Benefits of QuickBooks

QuickBooks is known for its intuitive design, making it relatively easy to learn and get started with. The software has basic tools to track income and expenses, which is a crucial part of managing government contract billing. QuickBooks can connect with payroll and other systems, making it easier to manage your financial information.

Limitations of QuickBooks

Despite its benefits, QuickBooks has limitations for government contractors, namely its lack of specialized timekeeping and reporting features necessary for full DCAA compliance. Moreover, government contracts often demand complex job-based cost tracking, which can be difficult to configure and manage accurately within QuickBooks.

QuickBooks + Hour Timesheet Integration

While QuickBooks is a helpful tool, Hour Timesheet adds the specialized features government contractors need for success. Together, they create a smoother and more accurate process for managing your contracts.

Hour Timesheet strengthens QuickBooks with DCAA-compliant timekeeping, advanced job costing, and payroll integration. This duo helps government contractors focus on delivering results, knowing their financial tracking and compliance needs are met.

How Hour Timesheet Simplifies QuickBooks Government Contracting

QuickBooks has a solid foundation, but government contractors need Hour Timesheet to streamline contract management and achieve DCAA compliance. Let’s see how Hour Timesheet enhances QuickBooks, boosting accuracy and efficiency in critical areas.

DCAA Compliant Timekeeping with QuickBooks

Hour Timesheet strengthens QuickBooks by providing features for DCAA timekeeping standards. Employees can track their time against specific government contracts and job codes.

Additionally, the program streamlines DCAA compliance with customizable approval workflows, clear audit trails, and easy generation of compliance-ready reports. This integration makes timekeeping and DCAA reporting easier for government contractors.

Advanced Job Costing for Government Contracts

Hour Timesheet makes government contract job costing manageable. The platform lets you track time and expenses against each project, job, and task. This detailed information is necessary for budgeting, invoicing, and understanding the profitability of your government contracts.

Seamless QuickBooks and Payroll Integration

Hour Timesheet has a smooth flow of financial data between QuickBooks and your preferred payroll systems. Approved time entries and relevant job cost information transfer automatically, eliminating manual data entry and minimizing errors. The program saves government contractors time and keeps the accuracy of their financial records, from time tracking to payroll and billing.

Key Features of Hour Timesheet

Government Contract-Focused Time Tracking

Managing time accurately against government contracts is important for billing and DCAA compliance. Hour Timesheet allows employees to log hours against specific contracts, work breakdown structures (WBS), and individual tasks. The software enforces DCAA-approved descriptions for activities, providing accurate documentation.

Additionally, you can define customizable approval workflows that match your organization and contract needs. This provides oversight of time entries before payroll processing.

Finally, Hour Timesheet maintains detailed audit trails for all time entries, demonstrating accountability and facilitating DCAA audits.

GPS Location Tracking for Government Projects

For government projects requiring on-site verification of work, Hour Timesheet’s optional GPS location tracking adds another layer of accountability. Employees can use the mobile app to clock in and out at project locations. This data can then be used to validate work performed and strengthen your DCAA compliance posture.

Leave Management for Government Contracts

Hour Timesheet streamlines leave management in the context of government contracts. The program automatically keeps track of how much leave employees earn and use. This makes it easy to create accurate reports and make sure you’re following the rules of each government contract.

Customizable Reports for Government Contracting Insights

Hour Timesheet gives you reports designed especially for government contractors. Create the reports needed for DCAA audits, see how profitable each project is, and figure out the best way to use your team across different contracts.

DCAA Compliance Expertise Built-In

Hour Timesheet helps you stay compliant with DCAA regulations. It has built-in features that guide you towards correct timekeeping practices. Plus, it connects seamlessly with QuickBooks, ensuring your financial records are accurate and aligned. Our team understands the ins and outs of DCAA requirements, so you can have confidence that your processes are correct.

Additional Benefits of Hour Timesheet for Government Contractors

Beyond core features, Hour Timesheet offers a user-friendly interface that minimizes training time. Your team can start working quickly, saving you time and money on training. It simplifies complicated timekeeping tasks for a smoother workflow.

Hour Timesheet’s mobile app also lets on-site employees track time and submit leave requests right from the field. Most importantly, the program helps you avoid those costly errors that can derail government contract billing and compliance.

Why Choose Hour Timesheet for QuickBooks Government Contracting

Hour Timesheet is the ideal complement to QuickBooks for government contract management. It’s built with a deep understanding of DCAA compliance, helping you with audits. Furthermore, our team caters to the needs of government contractors. Hour Timesheet also integrates with other leading accounting solutions to accommodate your organization’s setup.

Try Hour Timesheet Today

Hour Timesheet simplifies QuickBooks for government contracting. The program saves contractors time, reduces errors, and ensures compliance. Experience the benefits firsthand with a free trial and streamline your QuickBooks government contracting processes.

Guide to DCAA Approved Compliance QuickBooks for Businesses

In government contracting, businesses must achieve DCAA approved compliance QuickBooks to meet regulations and maintain financial integrity. We’ll guide you through configuring QuickBooks to align with DCAA standards. By implementing customizable time-tracking features and leveraging job costing capabilities, you can exceed DCAA requirements.

DCAA Compliance and Its Importance for QuickBooks Users

Familiarizing yourself with the intricacies of DCAA requirements can save your small business from potential headaches. Navigating QuickBooks to meet these guidelines is essential for anyone involved in government contracting.

What is DCAA Compliance?

The Defense Contract Audit Agency (DCAA) sets strict rules for responsible spending of taxpayer dollars. To secure Department of Defense (DoD) contracts, businesses must track every penny meticulously. Simply skimming through your books won’t suffice; you need a deep understanding of the DCAA’s complex criteria to stay compliant.

The Role of QuickBooks in Meeting DCAA Requirements

QuickBooks Online provides a powerful platform that, when properly adjusted, can assist you in meeting the strict requirements of the Defense Contract Audit Agency (DCAA). It is essential to adhere to these regulations to avoid audit problems and ensure the success of your government contracting business.

How to Make QuickBooks DCAA Compliant

QuickBooks Online offers a powerful platform that, with the right adjustments, can help you meet the stringent requirements of the Defense Contract Audit Agency (DCAA). It’s important to follow these regulations to avoid audit problems and ensure the success of your government contracting business.

Customizable Time-Tracking Feature

To meet DCAA standards, accurate labor recording is non-negotiable. Luckily, QuickBooks Online offers customizable time-tracking features that allow you to closely monitor the time workers spend on specific assignments or projects. This feature ensures meticulous record-keeping and accurate tracking of every minute worked on government contracts.

Precise documentation is an important aspect of successful adherence to DCAA guidelines, and these time-tracking capabilities support that need.

Job Costing Capabilities in QuickBooks Online

The job costing function in QuickBooks Online tracks expenses and revenue associated with each contract or project. This feature helps you separate direct costs (charged directly to a project) from indirect costs (like overhead), as required by the DCAA.

By improving audit efficiency, this feature simplifies compliance and provides a better understanding of the financial health of your projects. It enables you to make informed decisions and implement smarter growth strategies based on accurate and comprehensive financial insights.

Hour Timesheet Integration with QuickBooks for Enhanced Compliance

Integrating Hour Timesheet with QuickBooks simplifies the process of compliance, especially for businesses handling government contracts. Adhering to DCAA standards is a must, and Hour Timesheet provides essential features for labor distribution and tracking indirect costs, ensuring compliance every step of the way.

Simplifying Labor Distribution

Labor distribution can be a complex puzzle, but Hour Timesheet makes it manageable. It categorizes direct and indirect costs effortlessly, keeping your finances organized and accurate. This streamlined process is necessary during DCAA audits, as auditors closely examine how well you track expenses for each project or contract objective. Any misstep can result in penalties or even the loss of future contracts.

With the integration of Hour Timesheet, you can rest assured that all time entries are meticulously recorded. This provides peace of mind that your daily timekeeping and invoice generation align perfectly with DCAA requirements and other government regulations.

Key Features of a Compliant Accounting System According to the DCAA

The DCAA has strict rules for accounting systems used by government contractors. These rules require accurate and transparent handling of financial matters. One important rule is the separation of direct and indirect costs. This means businesses must clearly distinguish between expenses directly tied to specific contracts and those supporting overall business operations.

An approved accounting system must also be good at identifying and keeping track of direct costs for each contract. This accuracy is important for creating invoices that reflect the true expenses of each project, ensuring fair billing practices with the government.

It’s also important to have strong control over the general ledger, which is the foundation for monitoring all financial activities. This builds confidence in your company’s financial operations.

To navigate the complex DCAA regulations, solutions like QuickBooks have evolved with specialized features to promote compliance. QuickBooks offers customizable timekeeping, which is essential for keeping accurate records, and job costing capabilities to help manage both direct and indirect costs effectively.

By combining software like Hour Timesheet with tools like QuickBooks, businesses can streamline the task of tracking project expenses by allocating labor accurately. This integration not only makes it easier to meet complex regulations but also improves the ability to provide detailed documentation during audits.

Streamline Your Government Contracting with DCAA Approved Compliance QuickBooks

Simplify your government contracting with DCAA approved compliance QuickBooks. It’s the key to feeling confident in your financial management. You’ve learned how important it is to accurately track time and costs, ensuring every dollar is accounted for.

Ready to take the next step? Explore Hour Timesheet integration. This handy tool makes it easy to distribute labor costs, simplifying your accounting process.

Don’t forget that separating costs is not just a good practice, it’s crucial. QuickBooks is here to help you keep track of direct and indirect expenses, ensuring transparency.

Start today. With the right setup and tools like QuickBooks Online and Hour Timesheet, being prepared for audits becomes second nature. Use these insights to create impeccable documentation that can withstand any scrutiny.

Managing Indirect Rates with Hour Timesheet

As a government contractor, managing your indirect rates is of utmost importance if you want to bid on government contracts. However, keeping track of indirect rates can be a daunting task, especially for small businesses without sophisticated accounting systems. In this blog post, we will dive into how Hour Timesheet can help small businesses manage their indirect rates efficiently and stay in compliance with DCAA regulations.

What Are Indirect Rates?

Indirect rates are those expenses that cannot be directly attributed to a specific project, such as overhead costs like rent, utilities, and fringe benefits. Tracking and monitoring these indirect rates is necessary to ensure that your company is not overcharging the government and, ultimately, maintaining compliance with DCAA regulations.

Moreover, maintaining optimal indirect rates can help your business stand out in the crowded government contracting space. Companies with low indirect rates have a competitive edge over those with higher rates when it comes to bidding on government contracts.

Types of Indirect Rates

Fringe Benefits: This category includes costs related to employee benefits, such as health insurance, retirement contributions, and paid time off. Examples of costs in this bucket are:

Health and dental insurance premiums
Life insurance premiums
Retirement plan contributions (e.g., 401k matching)
Vacation, sick leave, and holiday pay

Overhead: Overhead costs are associated with the general operations and administration of a company but are not directly tied to a specific contract or project. Examples of overhead costs include:

Office rent and utilities
Office supplies and equipment
Depreciation on office furniture and equipment
Salaries and wages for support staff (e.g., administrative assistants, human resources personnel)

General and Administrative (G&A): These costs are related to the overall management and administration of a company. G&A costs are often incurred at the corporate level and cannot be directly linked to a specific contract or project. Examples of G&A costs are:

Executive salaries and bonuses
Legal and accounting fees
Marketing and business development expenses
Corporate insurance premiums

How Does Hour Timesheet help with managing indirect rates?

Hour Timesheet is a cloud-based time tracking software that allows employees and contractors to track hours worked in real-time. With Hour Timesheet, businesses can analyze and aggregate the total billable hours, allowing visibility of the entire workload and all costs incurred, including indirect costs.

Hour Timesheet makes it easy to manage indirect rates by automatically calculating the total billable hours and integrating with your internal cost accounting and other financial systems. With Hour Timesheet, businesses can input and track all indirect costs incurred, providing immediate visibility into indirect cost rates by project and company, making calculations for future submissions more manageable.

Conclusion

Hour Timesheet provides government contractors with a powerful tool to manage their indirect rates and ensure compliance with DCAA regulations. The software makes it easy to track indirect expenses, integrate with other financial systems, and calculate indirect rates for each project and company-wide. With Hour Timesheet, businesses can stay on top of their indirect rates, remain competitive in the government contracting space, and avoid costly compliance issues.

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The Keys Understanding DCAA Compliance

The term ‘DCAA compliance’ when referring to your timekeeping procedures is often just thrown around. But what is DCAA compliance, and what does it mean for your business? If you don’t understand what that means, Keep reading this blog post for assistance for keys to understanding DCAA Compliant Timekeeping

What Is the DCAA?

What does DCAA stand for? Simply put, DCAA stands for Defense Contract Audit Agency. This is the federal government agency responsible for conducting DCAA audits of the Department of Defense (DoD) contracts. Its purpose is to review all contracts with outside vendors and suppliers to ensure that taxpayer money is being spent in the most appropriate manner. With approximately 7,500 contractors being reviewed and audited every year, the agency’s responsibilities are substantial making Understanding DCAA Compliance critical for government contractors.

As imagined, the DoD is very strict about its rules and regulations surrounding DCAA compliance and timekeeping. The DoD will award government contracts to businesses that use web-based timekeeping if they meet all requirements.

For companies seeking government contracts, adhering to the DCAA requirements is imperative. Those that are found to be noncompliant with the agency’s standards run the risk of being hit with significant penalties. These run the gamut from termination of contracts to fines to prison time depending on the severity of the infractions. One of the most severe consequences of noncompliance is debarment, which means the contractor in question is no longer allowed to be considered for future federal contracts.

What Is an Audit and How does it Relate to Understanding DCAA Compliance?

Audits and reviews are the primary method the DCAA uses to determine whether or not a contractor is complying with the appropriate standards. What is a DCAA review? These typically examine a wide range of items, including direct costs, indirect cost pools, allowable costs and more.

There are a wide range of audits that a contractor may be subjected to, depending on the nature of the standards being looked at and the possible infraction. For example, audits may include:

Pre-award surveys — These reviews are conducted primarily to determine whether or not the contractor’s accounting system is up to DCAA standards. They typically involve the contractor demonstrating the system for an auditor.
Forward pricing — Under this type of audit, the DCAA evaluates the contractor’s estimate of the project’s cost. They are usually performed before the contract is awarded.
Incurred costs — These audits determine how accurate a contractor’s annual allowable cost representations are. This is performed after the awarding of the contract to ensure what the contractor has estimated the costs to be is truly what was quoted.

Keys to Understanding DCAA Compliance

Referring to Federal Acquisition Regulation and Cost Accounting Standards, respectively, FAR and CAS are rule sets used by the DCAA to establish its standards. FAR represents the guidelines for government procurement and is used by all federal agencies whenever purchasing goods or services. On the other hand, CAS refers to the rules used to establish consistency for government contractors’ cost accounting practices. This includes outlining how charges to contracts can be made and exactly what can be charged to them. Both of these frameworks inform and influence the DCAA regulations. Keys to Understanding DCAA Compliance are below.

1. The company must document all timekeeping procedures in a policy or procedure handbook.

The employee handbook must address all critical elements of an adequate timekeeping system. Companies must provide all employees with an up-to-date policy or procedure handbook regarding time entry procedures.

2. Every employee must record all of his/her time daily.

Attempting to track time worked in advance or days after the fact is not acceptable. Hour Timesheet comes equipped with reminders and alerts to ensure employee time is entered daily. This means that no matter the size of the company, Hour Timesheet is equipped for every employee to track time. This DCAA timekeeping feature is especially useful for any companies participating in SBIR and STTR programs. They may be smaller businesses, but they must ensure they remain DCAA compliant to qualify for their funding.

3. All employees must record 100% of the time worked.

Whether working on a government contract or commercial work, all time worked must be accounted for. With the Hour Timesheet mobile app the employees and 1099’s can add time from anywhere, whether they’re working from home or the office.

4. Employees must record all indirect time not identifiable to a given project to proper indirect cost accounts (Overhead, G&A, B&P, R&D, etc.)

One example of an indirect cost is overhead. This usually includes the indirect costs involved in support operations or direct production. These costs are directly related to a project or projects. However, they cannot be allocated to one specific contract. This is because they overlap across many different projects.

5. Employees must record all PTO, vacation, sick, holiday, and other leave time to the proper leave accounts.

Hour Timesheet allows for leave tracking any kind

6. The system administrator(s) should initiate all job codes that appear in the timekeeping system.

Charge codes must be provided to employees authorized to work on a given project.

7. All timesheet entries must be recorded by the employee.

An employee must record their time based on work completed. They should track all time entries, irrespective of whether the time is billable or non-billable. This must happen daily.

8. Employees must charge to the appropriate project

Whenever the employee completes work or tasks, they must charge it accurately and directly to that project. Hour Timesheet can be setup to restrict which codes an employee can charge their time; therefore, an employee cannot charge to a project they have not been assigned.

9. Employees may not work on indirect tasks and record time as direct costs

An indirect task is work that is not explicitly tied to a project. To remain DCAA, compliant employees must never charge the time it takes to complete these tasks to any project. This would violate DCAA compliance and regulations.

10. The employee is required to initiate all correction timesheet entries.

The employee must record all corrected timesheet data that includes a detailed audit trail. An audit trail is critical to remaining DCAA compliant.

The employee’s supervisor must approve every correction time entry in a detailed report, in the event of a DCAA audit.

In the unusual circumstances where the employee cannot make the changes to timesheets, then the HTS administrator may make such changes with the employee’s consent. The DCAA may analyze each entry on an employee’s timesheet. Thanks to your detailed audit trail, the DCAA will see who edited a time card after it was submitted. They will also be able to see when the changes were made, and why. Hour Timesheet creates an un-editable audit log that proper documentation. This activity log will include all of all the additions, deletions, approvals, and modifications made to your employees’ timesheets.

11. The employee’s supervisor must approve all employee timesheet data.

Each timesheet requires two signatures, in order to comply with DCAA compliance regulations. Hour Timesheet allows for online signatures at both the employee and manager levels.

12. All employees should be provided documented timekeeping training.

The company’s employee handbook or new-hire orientation program typically includes this training. Either way the employee should become familiar with the company’s timekeeping policy before they begin working.

13. In order to be DCAA compliant, the company must retain timesheet data for at least two years.

That means the company must be keep their files in a secure and easily accessible location. Should the DCAA require you to produce copies of your timesheets, they should be available. Hour Timesheet keeps the timesheets indefinitely for all employees, current, and past.

14. The company must conduct audit or floor checks randomly throughout the year to monitor employee timekeeping compliance.

Unfortunately, not knowing the keys to understand DCAA timekeeping compliance is one of the primary reasons government contractors fail an audit. Hour Timesheet can help. We have the employee and contractor time tracking experience to ensure total compliance. Sign up for Hour Timesheet today and work with an experienced implementation rep to review your account for total compliance. All for FREE.

We Can Help

What is DCAA accounting, and how can you ensure your organization is in compliance? Choosing Hour Timesheet’s solutions for your timekeeping provides you with a DCAA-compliant answer that is easy for you and your employees to use. Our simple, real-time time-tracking platform gives you the tools and resources needed to stay compliant and prepared for any audits that might come your way. To learn more about our software the Keys to Understanding DCAA Compliance and what it can do for you, reach out and speak with one of our representatives today.

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