DCAA audit requirements

Today TaxMama hears from Virginia in Maryland who wants to know. “Can QuickBooks be used for government contractors who need to meet DCAA audit requirements? If so, is there anything specific that needs to be done when setting up the chart of accounts to make it DCAA compliant?”

TaxMama answers a question on Tax

Dear Virginia,

That’s an excellent question.

I don’t know the answer.

No doubt, you should be able to use QuickBooks.

You should be able to find the answer if you read through the link relating to your, or your client’s, business here in the Defense Contract Audit Agency audit manual.
http://www.dcaa.mil/cam.htm

Or you might find some guidance here on their main site:
http://www.dcaa.mil/

Of course, you could always call them directly, or e-mail them to get a direct answer.

Incidentally, the SBA might be able to help, too:
http://www.federaltimes.com/index.php?S=4241031

Good luck!

And remember, you can find answers to all kinds of questions about government contract audits and other tax issues, free. Where? Where else? At TaxMama.com.

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