Why Government Contractors are Upgrading from QuickBooks to PROCAS
PROCAS vs. QuickBooks
Includes Features Essential to Pass an Audit (Audit Friendly) Purpose-built for DCAA Compliance requirements
Meets CMMC Level 1 Requirements Hosting environment meets the standards for NIST 800-171
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
Bank Integration Assigns Direct Expenses to Contracts Create rules to assign recurring direct expenses to project, task, CLIN, & Customer
Integrated Project Based Accounting Integrated job cost ledger with job costing by project, task, and CLIN
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
Interested in Learning More?
Talk to our software consultants to learn how PROCAS can support your government contracting business. Find out how PROCAS scales with your company’s growth and leverages integrations to streamline your business processes.