New White Paper - Developing a Chart of Accounts for Federal Contracting Compliance: Requirements and Recommendations



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Why Choose

PROCAS is built to simplify DCAA Compliance for companies engaged in government contracting. We help you grow your business by providing an all-in-one Accounting, Timekeeping, Expense Reporting, Management Reporting, and Business Intelligence solution. We understand your time is valuable, so the setup process is uniquely streamlined for a smooth transition. With PROCAS you only pay for the number of seats you need, making our software solution an affordable option no matter the size of your company.


Compliance by Design – beginning with timesheet processing, labor distribution, Indirect cost pools, project costs, and revenue management


Modern architecture designed for a smooth implementation and end user adoption to increase ROI


Reduce the time necessary for month-end closing through automated processes


Our two-week software build cycle means we continually improve our software based on clients’ feedback


Track profit margins and burn rates by contract, task order, employee, and subcontractor


Custom “standard” reports – modify standard reports and save to run within the system later


Out of the box dashboards


Modern Web API delivers powerful integrations


Support staff are all US based accountants, experienced in government contract accounting


Implementation methodology includes loading project history, producing government invoices, and month-end closing

Here’s How PROCAS Can Help You Grow Your Business

Tools for Government Contractors

Integrated accounting, billing, timesheet, business intelligence and expense report system

Intelligent Financial Architecture understands and processes direct, indirect, and unallowable costs and supports indirect cost pools with an easy and flexible indirect rate structure setup

Automated billing supports cost-plus fixed fee (CPFF), time & material (T&M), and firm fixed price (FFP) contract types and includes billing ceilings

Government standard Form 1034/1035 invoice formats are included and customizable

The distribution of direct and indirect labor hours and costs are recorded automatically from employee timesheets, including support for effective hourly rates for salaried employees and hazard and hardship pay

Mobile-friendly timesheets improve accessibility for employees

Detailed audit trail tracks updates by users  

Built-in, preconfigured financial dashboards provide instant access to current cash, A/P, and A/R balances as well as financial statements and financial ratios

DCAA and GAAP Compliance by Design

Accrual-based project cost accounting

Flexible coding structure tracks costs by project, WBS, labor category, employee and/or contract line-item number (CLIN)

Automated indirect rate calculations and applications can be run at any time

Timesheet and expense authorizations are assigned to employees

Detailed audit trail of all timesheet entry, changes, and approvals

Electronic signature and approval of timesheets and expense reports with automated notifications

Automated update of government per diem rates

Reporting for Projects & Incurred Cost Submissions

Built-in project dashboards provide visibility into funding, funds remaining, and profit by project

Job Cost Ledger

Contract funding and backlog reporting

Project-based profitability reporting using actual, provisional, or budgeted indirect rates

Standard reports include Incurred Cost Submission: Schedule H, Schedule I, Schedule K, and Schedule L

Web API supports data refreshes and connectivity with business intelligent tools such as Power BI and Excel, as well as other business systems

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.

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