7 Best Accounting Software For Government Contractors In 2024
Looking for DCAA compliant accounting software? Check out our list of the best accounting software options for government contractors to ensure compliance and streamline financial management.
Different business models are employed by government contractors, but they all require the highest level of supervision. Financial transparency has grown significantly in importance over the past few decades as governments around the world have begun to demand it.
Business owners must exert complete control over accounting and finance in order to achieve financial transparency. Businesses use different accounting software to simplify and make the accounting process transparent. The world of accounting and finance has undergone a true revolution thanks to accounting software.
There are many different types of accounting software on the market right now, but not all of them guarantee complete financial transparency. A few of them guarantee financial transparency through adherence to governmental regulatory bodies and observance of relevant laws and regulations.
One of the government regulating bodies is the Defense Contract Audit Agency (DCAA), and some accounting software complies with its rules. There's no need to feel overwhelmed if you're searching for DCAA-compliant accounting software.
In this article, we'll provide you with a list of the top DCAA-compliant accounting systems that can assist government contractors to guarantee complete visibility and eventually land bids and contracts.
Top 7 DCAA Compliant Accounting Software For Government Contractors
- QuickBooks
- AccountingSeed
- Aspire GovCon Accounting
- Procas Accounting
- WrkPlan Accounting
- SYMPAQ SQL
- Deltek Costpoint
1. QuickBooks
One of the best DCAA-compliant accounting software now in the market is QuickBooks. You can become DCAA compliant with the use of its QuickBooks Time feature, which is straightforward to set up. Through some of its features such as automated daily reminders, quick audit trials, real-time reporting, etc., QuickBooks guarantees full DCAA compliance. It provides a lot to make even the most difficult parts of DCAA compliance much simpler to follow.
Additionally, it is among the most comprehensive accounting software that includes some alluring features that attract your attention because they may make otherwise challenging tasks simple and effortless.
Key features
- Can assist in ensuring DCAA compliance and producing reports in a format that the Government prefers.
- Provides free Android apps and iOS that make keeping financial records incredibly simple. With efficient mobile applications, you can manage your business data at any time and from any location.
- Offers customer care that satisfies your needs beyond your expectations. Its customer service team is standing by to help you both over the phone and online.
- Ensures secure cloud storage, which is an important feature for securely storing your data in the cloud. It takes away your worries about keeping your data secure by offering bank-level security.
- It allows you to grant permission to your accountant to access your books.
- Another outstanding feature is its ability to give personalized reports, so you can monitor the progress of your organization.
- Additionally, it enables you to send an unlimited number of invoices, ensuring that nothing stands in the way of getting paid.
Pricing
QuickBooks provides its customers with a free 30-day trial to evaluate its usability. All three options offer a free trial period.
- The Simple Start plan starts at $8 per month.
- The Essentials plan starts at $12.50 per month.
- The Plus plan starts at $17 per month.
2. AccountingSeed
AccountingSeed is one of the best DCAA-compliant accounting systems and is specifically designed for government contractors. It not only ensures DCAA compliance in handling your accounting tasks but also gives you the freedom to operate at your peak efficiency and in accordance with your own style. Other than that, AccountingSeed is a cloud-based, feature-rich, all-in-one accounting program that is adaptable, customizable, connected, and automated.
Key features
- It has a simple user interface that anyone can learn without practice.
- Offers real-time reporting and time tracking in accordance with DCAA standards.
- Automates transaction entry and other financial reporting to guarantee efficient but accurate accounting.
- Automates billing using a user-friendly billing tool.
- It is a cloud-based program that you can access from anywhere, at any time.
Pricing
AccountingSeed doesn't have any price schemes. There is a pricing structure available that works for your company. The AccountingSeed price module is customized to meet your needs and specifications. This, in addition to the fact that it is a DCAA approved accounting system, is a fascinating feature of this great instrument.
3. Aspire GovCon Accounting
Aspire GovCon Accounting is another top DCAA-compliant accounting program on our list. It is a strong solution that offers businesses of all sizes and types the ideal blend of cloud-based technology and DCAA-compliant accounting features.
In addition, Aspire GovCon Accounting is also one of the most economical solutions because it provides focused features. It enables simple handling of fundamental accounting tasks including recording and monitoring revenue and expenses, budgeting, producing and sending invoices, project management, forecasting, and many other things.
Key features
- It is a straightforward but effective tool for ensuring accurate accounting.
- Helps you keep track of revenue, expenses, and time according to contract.
- It is made and developed in accordance with DCAA guidelines and requirements.
- Offers additional enticing features, like payroll, forecasting, budgeting, and more.
Pricing
Aspire GovCon Accounting has a subscription-based pricing model with monthly rates beginning at $125 for up to 5 employees.
4. Procas Accounting
Procas Accounting is another program made specifically for government contractors. It is a DCAA approved accounting system and one of the best accountancy software currently on the market.
Additionally, it is a comprehensive accounting solution that streamlines your financial administration and accounting. Procas Accounting provides a number of cutting-edge features, including timekeeping, management reporting, first-rate customer support, and much more.
Key features
- Enables you to maintain your books in compliance with DCAA compliance.
- Offers great customer care with a crew that is well-trained and educated.
- Its timekeeping feature helps in project management.
- Create excellent management reports, allowing you to keep track of your projects.
- Its outstanding add-ons like the infrastructure, business intelligence system, and other features are likewise incredibly enticing.
Pricing
Procas Accounting offers Accounting Users and Standard Users as its two pricing plans.
- The Accounting User price is $245 monthly.
- The standard user price is $10 monthly per user with a minimum of five users.
5. WrkPlan Accounting
WrkPlan Accounting is another comprehensive option for government contractors. It is among the most effective, user-friendly, and DCAA compliant accounting software available. You can easily maintain your financial transparency and visibility with the help of this amazing technology.
WrkPlan Accounting offers advanced features including project management, contract administration, a time & expense portal, etc., in addition to standard accounting and bookkeeping operations.
Key features
- It is specifically designed for government contractors, ensuring DCAA compliance.
- Provides a full project accounting system with automated government invoice generation and indirect rate computation.
- It comes with a complete integrated contract management tool that will offer you the knowledge you need to analyze, regulate, and manage your government contracts.
- Through its time and expense portal, your managers and employees may manage timesheets and expenditure reports.
Prices
Pricing for WrkPlan Accounting is flexible. You must get in touch with the vendor to acquire price quotations.
6. SYMPAQ SQL
SYMPAQ SQL is another excellent accounting software for government contractors which has all the features required for accounting and bookkeeping. It is totally DCAA compliant and was created to meet all governmental requirements.
You may use features like billing, accounts payable/receivable, general ledger, cost accounting, etc. SYMPAQ SQL is extremely simple to use with its user-friendly interface. It is among the top DCAA-compliant accounting software due to the combination of all those features.
Key features
- It meets all DCAA requirements for accounting and financial management.
- It grants quick access to data through an intuitive interface and helps government contractors save lots of time.
- It includes function-based modules that excel at handling a certain area of accounting.
- It is upgradeable and scalable as your company expands.
Pricing
Pricing for SYMPAQ SQL subscriptions begins at $389 per month.
7. Deltek Costpoint
Deltek Costpoint is one of the top accounting programs that complies with DCAA and gives intelligence and innovation in the accounting process. It is one of the best tools available and was created specifically for government contractors.
Deltek Costpoint uses cutting-edge technology such as real-time intelligence reporting, an ICR-enabled mobile app that runs smoothly, and more.
Additionally, you can benefit from increased productivity, cost and profit management, project and financial management, and a host of other advantages that will likely go beyond your expectations.
Key features
- Its DCAA compliant and permits you to maintain all DCAA-provided compliance criteria.
- Using cutting-edge technology and its comprehensive modules enable you to handle and manage your tasks and finances perfectly.
- Helps you save a lot of time and money by automating time and cost management.
- Grants you insight from financial data, so that you can make more reasoned decisions
- It provides various outstanding modules, such as Business Intelligence, Project Accounting, Contract Management, Contract Management, etc., that help government contractors grow their businesses.
Pricing
Pricing plans for Deltek Costpoint are;
- The Front Office Suite costs $30 per user each month.
- The Back Office Suite costs $30 per user each month.
- The Full Office Suite costs $46 per user each month.
Conclusion: Best Accounting Software For Government Contractors
Attention all government contractors! Are you tired of manual accounting processes? Upgrade to the best accounting software for government contractors. With its advanced features, you can simplify your financial operations, improve accuracy, and save time. Say goodbye to the hassle of manual bookkeeping and hello to a stress-free accounting experience. Buy the best accounting software for government contractors today!
