![quickbooks pro with job costing quickbooks pro with job costing](https://assets-blog.fundera.com/assets/wp-content/uploads/2014/12/29160815/jobcosting19.png)
There are obviously many ways to accomplish this within the QuickBooks format. System capability to segregate costs to line item detail.Identification of direct expenses to single cost objectives.Segregation of direct and indirect expenses.General Ledger set-up, numbered chart of accounts & pooled indirect expenses.The major structure elements are clearly outlined by the FAR and the DCAA but include: The first component is the structure of QuickBooks. Provide a compliant labor recording system that interfaces and reconciles with the QuickBooks file.Providing current QuickBooks information to an external engine to calculate job cost reports and calculate indirect billing rates.Structuring QuickBooks in a proper job cost type format.There are 3 major components in converting a QuickBooks system into a government approved accounting system (or DCAA compliant accounting system):
#Quickbooks pro with job costing how to
It may not be so easy in figuring out how to make QuickBooks meet all these requirements. It is easy to prepare for the audit when you know exactly what they will be looking for. Typically the DCAA follows a very prescribed program in auditing an accounting system. If you’re reading this you may already know that DCAA stands for Defense Contract Audit Agency and since 1965 they have been responsible for auditing pretty much all Federal contracts for DoD, GSA, FAA, NASA, etc. While QuickBooks is not designed to meet the FAR and DCAA requirements (it is not a government approved accounting system out-of-the-box), and it has some limitations on meeting all the requirements, there are ways to make a QuickBooks system meet all the government's requirements. Many people think that to be compliant with DCAA requirements you cannot use QuickBooks for your accounting system.