Cost Accounting

A streamlined way to Track and report on IR&D and B&P:

• Designate proposal and overhead projects as IR&D and B&P project types
• Post these project types to a unique range of general ledger accounts for financial and incurred cost reporting

A variety of report schedules:

• Cost Pool Reports
• Intermediate Rate Reports
• Allocation Bases
• Facilities Capital Cost of Money Factors Computation
• Reconciliation of Books of Account and Claimed Direct Costs
• Summary of Direct Contract/Subcontract Costs/ IR&D/B&P
• Government Participation in Indirect Cost Pools
• Schedule of Cumulative Direct and Indirect Costs Claimed and Billed on Cost/Flexibly Priced Contracts and Subcontracts
• Contract Direct Costs by Contract/ Subcontract and Indirect Expense at Claimed Rates
• Subcontract Information
• Summary of Hours and Amounts on T&M/ Labor Hour Contracts
• Reconciliation of Total Payroll to Total -Labor Distribution
• Listing of Decisions, Agreements or Approvals Affecting Direct/Indirect Cost and Description of Accounting or Organization Changes
• Certificate of Final Indirect Costs
• Contract Closing Information for those Contracts for which Work Effort was Completed

Flexible yet compliant invoices and standard reports:

• SF1034
• Two versions of the SF1035
• Standard invoice
• Standard billing review report
• Cost pool list
• Cost Pool Adjustments List
• Cost Pool Log
• Indirect Expense Rate List
• Indirect Expense Rate Log
• Formula List
• Governing Agencies List
• GL Distribution Methods List
• Government Contract Control Information
• Statement of Indirect Expenses
• Indirect Expense Rate Billing Variance (compares actual rates to provisional rates)
• Create or customize a standard report at any time using the integrated report writer