Will DCAA approve your accounting system?
In an earlier article, we discussed that Quick Books Pro as part of a documented and controlled accounting process with trained accountants can be made DCAA Compliant. For the question above "will DCAA approve your accounting system?" the answer is "No", because DCAA doesn't approve any accounting system. Even the best project accounting software can be managed badly, and your accounting system deemed inadequate. In the past, your system could be marked “inadequate in part” and you would be giving time to address system weaknesses. Under the latest guidelines issued to DCAA in December 2008, your accounting system is now...
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