To be clear, as is stated on the official DCAA website, there is no such thing as a DCAA approved government accounting system. The requirements for DCAA approval are based on accounting …

Oct 15, 2019 · While the total cost of a contract includes all costs properly allocable to the contract, the allowable costs to the Government are limited to those allocable costs which are allowable pursuant …

Oct 24, 2025 · Failure to maintain an acceptable accounting system, as defined in this clause, shall result in the withholding of payments if the contract includes the clause at 252.242-7005 , Contractor …

Mar 24, 2025 · What Are Government Approved Accounting Systems? Government contractors must apply Generally Accepted Accounting Principles (GAAP), Federal Acquisition Regulations (FAR), …

Nov 22, 2024 · Selecting the right accounting software ensures compliance, manages costs, and positions your business for long-term success in securing government contracts. Here, we will dive …

May 28, 2013 · In order for an accounting system to be approved, it must demonstrate the ability to meet these 12 key elements. Each of elements are described below. Key Element No. 1: Segregate direct …

Nov 21, 2025 · We tested and ranked the best software for government contractors and consulting firms that comply with these strict regulations. DCAA compliant accounting software improves the financial …

Aug 28, 2024 · What is a Government Approved Accounting System? A government-approved accounting system meets specific requirements set by agencies like the DCAA for managing …

Jun 27, 2024 · Get detailed insights into DCAA accounting system requirements and how to achieve DFARS compliance as a government contractor.

However, as with most opportunities, this one comes with a healthy amount of pressure—namely, a DCAA-compliant accounting system. In this guide, we’ll demystify DCAA-approved accounting …