A Unified ERP Solution for DCAA Compliance | WhitePaper

Whether securing their first government contract or acquiring larger opportunities, companies of all sizes need a DCAA compliance solution that’s built into NetSuite Cloud ERP to create a complete business management solution.

Every year, the U.S. federal government spends trillions of dollars procuring the goods and services that it needs to keep its many different departments running. In 2020 alone, it spent $6.55 trillion, [bm1] a portion of which involved deals with government contractors, the largest of which includes well-known organizations like Lockheed Martin, Boeing, General Dynamics, and Raytheon.

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DCAA Compliance SuiteBundle | Data Sheet

The Defense Contract Audit Agency (DCAA), is responsible for monitoring and auditing such government contracts to ensure that taxpayer money is spent properly and ethically.

The base NetSuite product is a GAAP compliant accounting system and has the capability to record project-specific GL transactions for timekeeping and accounts payable. However, there are key regulations where NetSuite does not comply. Our DCAA Compliance SuiteBundle is built directly into NetSuite to supplement the functionality needed to remain DCAA compliant. Access the Data Sheet to learn more.