If one is working as a Government contractor and the type of contract is cost reimbursable, one has to submit Incurred Cost Submissions as a part of the Allowable Cost and Payment clause. But the process of submission is elaborate and complex too. One gets a period of six months after the closing of the financial year to submit the details. However, DCAA can reject the document if one does not comply with the rules and regulations of the DCAA. Visit http://www.dcaaconsulting.com/ to know how software can aid in making the reports easily.
The compliance factor is the ultimate matter of concern in this regard. The dcaa accounting software from DCAA Consulting is the best solution to manage all these issues. The instructions and guidelines present in their SF 1408 software completely pertain to the rules and regulations of the Government clauses. There are various types of services available, and one has to choose the right setup and setting for the best use. At no point should there be a discrepancy that can be the point for rejecting the document.
At a recent press meet, the owner of the company said, “we have developed a perfect software for the Government contractors that will save you from the panic attacks regarding the probable rejection of Incurred Cost Submission. We will provide you with accurate guidance to set up the ICE Model and how to enter the indirect cost pools. There is always a scope of adjustments on backchecking with the ledger entries”.
You can learn about all the schedules at http://www.dcaaconsulting.com/ to make the final decision.
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DCAA Consulting is the most reliable DCAA Audit support team, developing apt software to maintain the accounting system of a business organization.
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