What is the best way to modify QuickBooks and Peachtree to meet DCAA standards? Is there additional software I need to purchase?
No, you do not need additional software to meet DCAA standards. All you need is a qualified person to set up your chart of accounts and customer/job and item lists, as well as knowledge of the DCAA regulations. These three lists are really the only modifications that need to be completed. Having the knowledge to know where items are placed in correct accounts is a little more complicated than in standard GAAP accounting. We may also suggest a timekeeping system that keeps track of your employees’ time.
