DCAA complianceThe Defense Contract Audit Agency (DCAA) is responsible for performing contract audits for the Department of Defense (DoD). As would be no surprise, their regulations are very strict. If your business does not fall into DCAA compliance, it can mean the loss of a contract, as well as billions of overpayments to government contractors. At Techeon, we provide comprehensive commercial and federal business solutions to small and emerging commercial and federal contractor companies.  We can help you with your DCAA compliance.  We can also perform small business accounting services to meet your needs.

Having all the financial sections of a business run smoothly is important to a company’s success. All companies need some type of accounting services, regardless of size. For example, if a company has multiple employees, then payroll needs to be processed. If vendors are involved, then invoices need to be created. Working with other businesses also usually requires the need for accounts payable and accounts receivable services.

When small businesses try to manage their own bookkeeping tasks, it’s easy to get confused if they don’t have financial skills or experience. It’s also very easy to be unaware of new tax laws or updates to the federal guidelines. This is why some companies fail DCAA audits.

DCAA compliance is mandatory in businesses that have contracts with the DoD. At Techeon, we adhere to government guidelines so that audits are easily passed. And we do this for all of our clients. Not just the ones with government contracts.

DCAA auditors prefer automated systems because manual entry without automatic audit trails can allow someone to generate fraudulent data. Techeon automates the data entry required when performing accounting processes. Our procedures reduce manual data entry errors. They also reduce the amount of time required in the bookkeeping process. Being audited is never fun. But knowing your company’s financial accounts fall under DCAA compliance can give business owners a welcomed peace of mind.

As you can imagine, there will always be some companies that fail DCAA audits. But at Techeon, we believe that yours does not have to be one of them.