Does your company perform on government contracts, using QuickBooks to meet your Accounting needs?
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Government Contractors have unique requirements beyond Generally Accepted Accounting Principles (GAAP). These requirements include the Federal Acquisition Regulation (FAR) and Cost Accounting Standards (CAS) which materially alter the manner in which accounting, billing and other business management tools are configured and operated.
We covered the following:
Understand why Contracting Officers, as well as prime contractors, are more likely to award and partner with firms using back office applications which have been determined to be adequate by the government.
UNDERSTANDING THE DIFFERENCES
Understand the differences between QuickBooks and an industry specific solution built from the ground up for government contractors. Learn the cost and other benefits of having a comprehensive government contracting solution as opposed to a basic system with bolt-on fixes to address complex contract requirements.
Understand why using a solution that is already engineered to address these requirements will go a long way towards helping you pass mandatory government audits to establish the adequacy of your systems.