Accounting Training and Support for Government Contractors

Do you need a DCAA Compliant Accounting System?
Do you want to continue using QuickBooks?
Do you want to learn more about Federal Contract Cost Accounting?

This webinar applies the fundamental cost accounting principles imposed by the Federal Acquisition Regulation (FAR) Part 31 on commercial organizations to QuickBooks. We demonstrate how QuickBooks should be configured to accommodate these cost principles so as to pass a DCAA Accounting System Review. Topics will include:

Checklist used by DCAA in conducting Accounting System Reviews
Organizing the Chart of Accounts into Direct, Indirect and Unallowable Cost Pools
Job Costing Accounting
Organizing the Service Items List into Labor Categories
Timekeeping and Labor Distribution
Creating a Customized Report for Labor Distribution
Fully Loaded Job Cost Reporting
Computing Indirect Rates and Indirect Cost Allocation
Unallowable Costs

This webinar goes beyond the limits of QuickBooks, however, because QuickBooks by itself cannot handle some of the required elements necessary for a compliant system. Consequently, we will discuss policies and procedures related to topics such as indirect cost allocation, time keeping, and allowability of costs. We will also show alternative ways how indirect rates can be computed and indirect costs can be allocated to final cost objectives using Excel spreadsheets.

Join me on one of the following webinar dates:

Contact me for a webinar date HERE.

100% FREE - Don't miss it!

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