eFAACT supports DCAA Pre and Post Award Audits

eFAACT - The QuickBooks Solution for Government Contractors
DCAA/FAR Pre and Post Award Survey Topics eFAACT Reference
Generally Accepted Accounting Principles eFAACT integrates with QuickBooks to deliver the tools necessary to incoperate GAAP into your daily business practices.
Proper segregation of costs eFAACT ensures segregation of costs according to the implementation control settings, Direct costs are charged to a contracts and indirect charges are associated directly to their allocated cost pools.
Direct costs by contract eFAACT accumulates contract costs and cumulative figures for all cost elements from daily details to contract-to-date summaries.
Allocation of indirect costs eFAACT accumulates indirect costs in logical groupings and allocates costs to the intermediate and final cost objectives based on benefits accrued.    Indirect rate pool and base calculations are reported in detail, along with their cooresponding calculation descriptions.
Accumulation of costs under general ledger control eFAACT integrates directly with the QuickBooks general ledger and includes reports for detail reconciliations.
Timekeeping system eFAACT TimeCard requires job authorizations which are directly linked to cost objectives. TimeCards must be entered and signed by the employee and approved by their supervisor.
Labor distribution eFAACT distributes labor costs and reconciles directly to payroll records.
Interim determination of costs eFAACT delivers period reports with audit trails and ensures contiguous processing dates.
Exclusion of unallowables eFAACT includes the allocation of all general ledger accounts, including unallowables. Account allocations control cost distributions.
Cost by contract line item eFAACT provides for CLIN definition and carries it through to budgets and cost reporting.
Limitation of costs eFAACT calculates indirect rates as each period is processed. In conjunction with management reports, cost limitation notices are available to warn management when percentages are reached.
Billings eFAACT applies allocation rules and prepares interim direct cost billings directly for the QuickBooks general ledger. eFAACT invoices (billings) track amounts at both the current and cumulative levels.
Adequate, reliable data eFAACT provides reconciled transaction and summary level details, as well as burn rates and budget variances to support future proposal efforts.
Operational accounting system eFAACT is an integrated software system designed specifically for supporting FAR compliance for government contractors. As each component is implemented it seamlessly integrates with the overall system.