| PROCAS vs. QuickBooks | PROCAS | QuickBooks |
|---|---|---|
|
Includes Features Essential to Pass an Audit (Audit Friendly) Purpose-built for DCAA Compliance requirements |
✔ | ✘ |
|
Fully Integrated Timekeeping, Expense Reporting, & Management Reporting (No Add-on Systems) The setup of people and projects are centralized to eliminate any redundant data entry. Time and expense data is automatically converted to financial transactions. |
✔ | ✘ |
|
Integrated Project Based Accounting Job costing by project, task, CLIN, & incorporated job cost ledger |
✔ | ✘ |
|
Project Funding and Reporting Project budget reporting with revenue earned and funds remaining calculations |
✔ | ✘ |
|
Project Profitability and Reporting Integrated job cost ledger calculates profitability at multiple levels, including employee level |
✔ | ✘ |
|
Project Cost Tracking that Meets Government Reporting Requirements Direct costs are tracked by project inception-to-date |
✔ | ✘ |
|
Invoicing System that Meets GovCon Requirements Uses information from the integrated Timekeeping and Expense Reporting. Supports complex cost reimbursable contracts (CPFF), in addition to Time & Materials (T&M) and Firm Fixed Price (FFP) contracts. Handles provisional to actual true-up invoicing. |
✔ | ✘ |
|
Standard Chart of Accounts Designed for DCAA Compliance Accounts are identified as either direct or indirect, providing proper segregation of costs and integration with indirect rates |
✔ | ✘ |
|
Built-in Indirect Rate Calculations Point and click rate structure setup is used to automatically calculate and allocate indirect rates. Rates are stored by year. Supports provisional, budgeted, projected, and actual indirect rates. Final fiscal year indirect rates stored for future reporting needs. |
✔ | ✘ |
|
Incurred Cost Submission Support Includes rate support schedules A-F as well as schedules H, I, K, & L |
✔ | ✘ |
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