Are QuickBooks and Peachtree approved by DCAA?
DCAA is generally less concerned about the software in use; rather, what they really look at is the process as a whole. They look for your ability to be able to properly accumulate and allocate costs to government contracts and properly screen out unallowable (unreimbursable) costs. Basically, DCAA comes down to keeping track of the information they ask you to monitor. QuickBooks and Peachtree have the ability to do this just as well as any program. Just like any other program, garbage in = garbage out. The time and money you spend up front to do it right will far outweigh the costs of fixing it so you can be DCAA compliant later on. It is important to remember that your bookkeeping software is only one tool and must be augmented with policies and procedures which comply with FAR and CAM.
