DCAA Compliant Timekeeping Software for Remote Teams

Guide To Timekeeping Software for Remote Teams

Whether you like it or not, remote work likely is here to stay. The COVID-19 pandemic forced businesses to get creative and adapt on the fly to maintain productivity. Although some workers couldn’t wait for restrictions to be lifted so they could return to the office, others found working from home much more beneficial. As offices allow greater flexibility to accommodate employees on either side, some new dilemmas need to be solved. One of these is how to keep everyone accountable for the hours they work when they don’t have access to a physical time clock. Remote timekeeping software became a critical need overnight.

Complete and accurate timekeeping is very important for accountants, consultants and other types of contractors. Thus, the need for simple and streamlined time tracking for remote teams is vital. Read on to learn more about how automated software can help.

How Automation Benefits Remote Workers

Today’s workplace exists in the virtual realm as well as in the physical space of the office. Your timekeeping should be no different. When you have employees working in multiple locations spread out across the city or even across the country, the right timekeeping Software for Remote Teams becomes important. Time tracking software from Hour Timesheet makes it easy for workers to enter their hours and share them immediately with their managers or supervisors.

This solution eliminates the tedious work of filling out spreadsheets or even keeping pen-and-paper records. Employees will be able to enter the details quickly, enabling them to concentrate on their projects. It also means they can avoid oversights and mistakes that can lead to discrepancies and backtracking.

What Our Software Can Do for You

Choosing our platform means you gain a robust solution for tracking your entire team’s hours, no matter where they are. Among the many features it includes is complete synchronization with corresponding mobile apps. Wherever your team members are working, they can enter their hours using a smartphone or other device and have that information uploaded instantly to the centralized system. Reminders are completely automated, so there’s no need for managers to spend time trying to track down late reports or collect signatures.

Our product is so well-equipped that it is DCAA compliant. This is critical for contractors who work with the government because it ensures their timekeeping will always stand up to the extreme scrutiny of a DCAA audit.

Choose Hour Timesheet and Simplify Your Remote timekeeping Software

Having your workforce scattered across multiple locations may be the norm today, but that doesn’t mean you have to sacrifice accuracy in your time tracking or commit to onerous processes that stifle your productivity. Hour Timesheet’s Remote timekeeping software gives you all the resources you and your employees need to keep up with their hours without missing a beat for your clients. If you would like to learn more about our technology and everything it can do for you, get in touch with one of our representatives today or use the links below to get started.

Start Free Trial

DCAA Compliant Timekeeping Software for Remote Employees

Dog is sleeping while his owner is working from home

Time Tracking Software For Remote Employees

One of the biggest impacts the COVID-19 pandemic has had on the world has been the way it has changed the workplace. Once an extremely rare arrangement reserved for specialists or a perk used by forward-thinking tech startups, remote work suddenly became the norm for millions of professionals around the world. Although the benefits have made themselves apparent as the business world adapted — greater flexibility, fewer work-life balance issues, higher employee satisfaction — this paradigm shift also brought with it some challenges. DCAA Compliant Timekeeping for Remote Employees is now a critical need for government contractors

For example, industries that depend on keeping meticulous records of the hours each employee works per client were left questioning how they could continue to do this with their workforces decentralized. Having team members working in so many different locations made it more difficult to make an accurate report. The issue was compounded for firms that hold government contracts, as the need for transparent and precise recordkeeping is even more crucial.

Fortunately, Hour Timesheet has a ready-made solution for this new status quo. Our powerful and versatile time tracking software for remote employees ensures that every individual’s hours can be tracked down to the last minute no matter where they are.

How Our Software Can Help with DCAA Compliant Timekeeping for Remote Employees

When you choose our solution for remote employee time tracking, you gain access to a wealth of features designed to streamline this process. First, it eliminates the need to enter data by hand on a spreadsheet or similar system. This cuts down on the time each employee spends on mind-numbing busywork and removes the risk of human error and oversights.

Also, managers and supervisors gain exceptional visibility into how well their teams are utilizing their resources. From the main dashboard, they can see exactly what everyone is doing and how long it’s taking them. With the reports our software generates, clients also can have a complete accounting of your hours, giving them peace of mind and preventing conflicts or misunderstandings.

Our software also syncs with the corresponding mobile app, which enables workers to enter their information from virtually anywhere they have Internet access. The details are shared within the system instantly, providing immediate status updates anytime anyone clocks in or out through the system. All leave requests also can be handled through the app, so employees working remotely can easily ask for PTO.

Perhaps most important for firms working with the public sector, our solution is completely DCAA compliant. This means it creates reports that can withstand the most intense scrutiny from government audits. Our software ensures that your company will always be in compliance, helping you earn more contracts and grow.

When you choose our platform, you’ll also take advantage of no-contract, pay-as-you-go pricing that includes free setup, support and training. You’ll never pay a penalty for leaving if you’re no longer using its benefits. If you’re ready to learn more about how our software can help you manage your remote workforce, get in touch with us today to schedule a live demo or begin your free trial.

Schedule Live Demo

DCAA Compliant Timekeeping Software for Consultants

The Importance Of DCAA Compliant Timekeeping Software For Consultants

Consultants need to project an air of professionalism and expertise at all times, especially when working for the government. After all, how can you expect your clients to trust you to offer sound advice and guidance if you can’t manage your own business? One of the most crucial aspects of this is proper time management. Keep reading to learn more about DCAA Compliant Timekeeping Software for Consultants.

Keeping track of the hours you spend working for your clients down to the last minute is essential, but the old-fashioned methods of doing so can leave a lot to be desired. Spreadsheets and other traditional techniques create room for human error and often involve hours of tedious, mind-numbing work.

Hour Timesheet offers a comprehensive timekeeping software for consultants that eliminates many of the potential hang-ups that could impact your operations and reputation. Our DCAA-compliant platform means you’ll always be on top of your timekeeping and satisfy even government clients. Keep reading to find out more about what our timekeeping for consultants can do for your office.

Why Time Tracking Matters So Much for You

As a consultant serving the public sector, the expectations are high. You need to be as transparent and forthcoming as possible because taxpayer dollars are being spent on your services. If you can’t provide an accurate and dependable accounting of all billable hours, you run the risk of losing out on the contracts you need to stay afloat. If agencies have any reason to doubt your ability to get the job done or your honesty, they will find someone else.

Not only that, but keeping accurate records of the time you spend on each contract is crucial for determining which ones are worth it for you. Using our timesheet software for consultants will show you at a glance which clients are delivering the most return on your investment of time and effort.

How Our Software Helps You

When you see the wide range of features included in our timekeeping software for consultants, it’s easy to see the benefits it can bring to your operations. As a DCAA-compliant solution, you can rest assured that it will meet even the most stringent standards of accounting time and attendance. You’ll be ready for any and all audits your government clients may throw at you.

Keeping track of hours is simple and easy, with the ability for your team to update their time from virtually anywhere through their smartphones or other devices. You’ll be able to see everything spelled out for you and any other interested parties. We also provide you with the ability to generate extremely accurate job cost projections, enabling you to give estimates that will be as close to the final bill as possible.

Consulting means selling your ability to keep all the bases covered at every moment. Being able to provide detailed and precise reporting of everything you’ve been doing for your client base is crucial for building trust and winning new business. Hour Timesheet delivers a solution simple solution for DCAA compliant time tracking software for consultants. If you want to learn more about our software or get started with a free trial, get in touch with us today.

Start Free Trial

QuickBooks ProAdvisor & DCAA Compliance Specialist Partner with Hour Timesheet

For any business, today, having good bookkeeping and accounting records in place is very important. This is particularly true for organizations that do business with the Department of Defense (DoD) and may be subject to a DCAA compliance audit. For those that are looking for support with this, working with a QuickBooks ProAdvisor can be a great option. These advisors can offer a range of services to help your business and remain in DCAA compliance.

What is a QuickBooks ProAdvisor?

QuickBooks continues to be one of the most popular accounting programs for businesses of all sizes. For those that would like to start using this program, finding a way to convert from existing accounting programs and integrate it into their business is very important. A QuickBooks Online ProAdvisor can help with this. They can offer a range of services to help you integrate your existing accounting program into QuickBooks and ensure you are getting as much out of it as possible.

What is DCAA Compliant Timekeeping?

The Department of Defense is a major organization that does business with many vendors across the world. Generally, they will provide payment for services that will include costs that you have incurred. This can include hours worked by yourself and other employees with your team. The process of DCAA compliant timekeeping involves properly tracking hours and accruing them to the right project while retaining all necessary records.

How Can a QuickBooks ProAdvisor & DCAA Compliance specialist Help you?

If you are trying to improve your DCAA accounting practices, working with a QuickBooks ProAdvisor is a good idea. These professionals can offer various services that will ensure your accounting practices are up and running properly. This can include upgrading your accounting program to ensure you have a DCAA-approved accounting system that will properly account for your DCAA-related hours and all records are properly kept.

When Should Someone Hire a QuickBooks ProAdvisor?

There are various situations when hiring a QuickBooks ProAdvisor & DCAA Compliance specialist will be a good idea for your business. One situation will come if you start to enter into contracts with the DoD or other governmental agencies. The QuickBooks Advisor will help by giving you the support you need to establish your accounting processes to ensure they are DCAA compliant. Even if you are not entering into these contracts, a QuickBooks ProAdvisor can still be helpful as they can help you establish QuickBooks and integrate it into your business while ensuring you are using it as well as possible.

Hiring a QuickBooks ProAdvisor & DCAA Compliance specialist can be a great idea. These services can help ensure that your accounting processes are up and running properly and that you are complying with any DCAA requirements. When you need to find a QuickBooks ProAdvisor and are looking for this support, working with Hour Timesheet is a great option. This company can offer various services with QuickBooks and other record-keeping needs to keep your company organized and efficient.

Learn More

DCAA Compliance Checklist for Time Tracking

Government contract work can be lucrative and fascinating work. Navigating the government contract process can be very tricky. It’s important to stay up to date on Defense Contract Audit Agency (DCAA) compliance regulations. It’s also critical to ensure you meet DCAA timekeeping requirements if you want to work with any federal government organization. Hour Timesheet does our best to explain DCAA compliance and we offer a product that is always up to date with regulations. The DCAA will run a pre-award audit in order to award any government contracts. You should prepare for this audit and create a list of compliance regulations for the DCAA.

Try Hour Timesheet FREE for 30 Days

What is DCAA compliance?

The DCAA was established in the 1960s to normalize the government’s contract auditing process, and to ensure the American taxpayer was getting good value for its money.

Initially, the DCAA was originally overseeing military and intelligence contracts for the U.S. Department of Defense. Later, it oversaw many other kinds of labor and service contracts that the federal government signs with commercial suppliers.

If and when you win a government contract, the DCAA timesheet compliance rules will apply to everyone in your company. Regardless of the size of your organization, this can be a big task with many training implications. It’s worth your while to make DCAA compliant time tracking as straightforward as possible. Do your research ahead of time, and try to create a DCAA compliance checklist.

Suppose the DCAA were ever to audit you. In that case, they would check three main areas to see if you comply: how accounts are established, the flow of transactions in accounting systems, and the computations derived from them.

Ready to try out Hour Timesheet’s DCAA compliant timesheet software?

Click Here for a FREE, 30-Day Trial!

1. How Accounts are Established

A DCAA Compliant Chart of Accounts

You will need to separate which financial transactions are direct, indirect, and unallowable. The DCAA will also examine your Chart of Accounts to ensure you’re adhering to the Generally Accepted Accounting Principles (GAAP). Having Accounts Payable, Prepaid Expenses, and Unearned Revenue will indicate that you’re accounting for cost and revenue on an accrual basis.

2. The Flow of Transactions in Accounting System

Trial Balance Hour Timesheet will allow you to print a Trial Balance that summarizes your accounts’ debits and credit balances. The latter will reveal details such as the opening balance, transactions, transfers, and closing balance. The former will summarize the debits and credit balances on each of your accounts.

General Ledger Detail The general ledger detail within the Hour Timesheet software will be able to provide you with the beginning balances for each government contract over a limited period.

3. Cost & Reporting

The DCAA will audit processes used for allocating revenue and costs to projects, in addition to the way you calculate indirect rates. Many companies use QuickBooks for most of their accounting, and Hour Timesheet makes sure this doesn’t have to change. We can help make your QuickBooks DCAA complaint, ensuring it follows the rules laid out so far, and the following rules about computing revenue and expenses.

Loss & Profit by Job An essential requirement highlighted in the pre-award survey is your accounting system’s ability to accumulate costs by project. Loss & Profit by Job reports gives assurance that this can be done accurately when they agree with the standard Profit & Loss statements. Hour Timesheet also integrates directly with ADP and QuickBooks. This will help lessen manual data entry across platforms.

Labor Distribution Report Labor distribution is the process of allocating and measuring labor costs both direct and indirect to the total time recorded on timesheets. Hour Timesheet allows you to directly tie both direct and indirect hours to the accounts within your accounting system. DCAA needs to see that labor costs are equally distributed among customers, both government and commercial. They want to know that no one is favored or has received a cost subsidy.

Contract Backlog Report This type of summary allows you to see the percentage of work completed. It also shows the remaining cost to complete each job in your backlog. This type of report indicates how much money is left on a contract, as well as potential contract overrun. It also shows if there are corrective actions required as a result.

Direct Vs Indirect Labor Tracking Contract employees must consistently track both direct and indirect costs. A direct cost is identifiable to one and only one cost objective. It is normally required or necessary for contract performance. Cost objective is a regulatory term that can include a contract, a project, a task, a contract line item.

To be compliant, government contractors must accumulate costs into indirect cost pools. This can be things such as a bid and proposal or an independent research and development project. Hour Timesheet allows a contractor to track time and keep track of all accumulated costs. This is all costs related to hours worked, such as direct costs, any unallowable costs, or indirect costs. Indirect costs are all costs that are not identifiable or incurred for the benefit of one cost objective.

There are many tasks involved in preparing for DCAA auditors to analyze your accounting functions. It can be helpful to create a compliance checklist for government contracting work. Especially if you’re business is receiving government funding, such as through the SBIR and STTR programs. It’s vital that the companies participating remain DCAA compliant in order to receive their funding.

Overall, it’s important to maintain audit trails and detailed reports for all employee timesheets and time accounting. Also, make sure to always use a DCAA compliant time entry.

Hour Timesheet and DCAA Compliance Resources

Achieving DCAA audit compliance takes effort, time, and specialist knowledge. Even if you understand the regulations, you’ll also need to arrange your Chart of Accounts and configure Hour Timesheet accordingly. Having a DCAA timecard audit checklist can help you achieve DCAA compliant timekeeping, without all of the confusion. Even better, choosing a timekeeping system with DCAA-compliant features will help you in the long run.

Contact us today for a free, no commitment, 30-day trial of our software. With our years of experience, we can help you avoid potential DCAA compliance issues before an audit begins.

Try Our DCAA Compliant Software for Free