eFAACT Features

eFAACT is the proven QuickBooks solution for meeting DCAA compliance requirements.

Time Tracking Compliance

TimeCard Web for consistent employee and consultant standards

Online user work authorization reference

TimeCard online signature and supervisor approval

Automatic TimeCard reminders

Audit trail including mandatory reason for time modications

Time entries sent to QuickBooks ready for payroll

Expense Reporting

eFAACT Expense Web for authorized users

Administratively controlled expense report options

Expenses signed, approved and sent to QuickBooks

DCAA Audit Support

Labor distribution reporting

Classification of direct and indirect costs with audit trails

User-defined controls for contract definition

Standard and user-defined cost pools (G&A, Overhead, Fringe, Handlings)

DCAA indirect rate calculations with detail reporting

DCAA incurred cost schedules

Fiscal year end indirect rates projections

Provisional/Negotiated indirect rate planning and reporting

Indirect rate adjustments with optional automated invoice generation

Internal controls that force critical compliance and notify of situations warranting review

Contract Management

Synchronized finance and contract reporting

Government contract invoicing

Standard and customizable contract cost burdening options

Contract cumulative-to-date figures at all job levels

Limitation of cost notifications by contract

Contract funding management reports

Contract budget versus actual job cost reporting

Contract and employee profitability reporting