The Federal Acquisition Regulation (FAR) is the primary regulation used by executive agencies in their acquisition of supplies and services with appropriated funds.
The FAR also contains standard solicitation provisions and contract clauses and the carious agency FAR supplements.
The DoD, GSA, NASA and various government agencies use the FAR.
Precision Accounting & Strategic Solutions specializes in accounting systems that are compliant with the GAAP, FAR and DCAA requirements, and government billing. The key to any accounting system is its underlying policies and procedures. In addition to compliant accounting system management, PASS specializes in various timekeeping software that is designed to pass a DCAA audit.
"DCAA Compliance" means that a contractor's policies and financial management systems are setup in accordance with regulations and guidance found in the Federal Acquisition Regulations and the DCAAA's Contract Audit Manual (DCAM), in order to successfully pass a DCAA audit. The DCAA performs contract audits for the Department of Defense and many other agencies.
Applications Supported: Quickbooks | Quickbooks Online | Capriccio Fuzion | Freshbooks
