Project Accounting for Government Contractors
Manage finances, projects, people and compliance in one solution designed to handle the complexity of government contracting with ease.
Integrated Accounting That Keeps You Audit-Ready
Greater scrutiny, tighter budgets and rising audit demands require more than accounting software. Costpoint Project Accounting provides a strategic advantage, whether you’re preparing for your first DCAA audit, managing complex rate structures or trying to improve cash flow. It unifies projects and financials in one system, providing peace of mind on compliance while automating processes to save time.
50%
shorter average invoice cycles
23%
lower general and administrative overhead rates
26%
more projects under budget
Benefits of Costpoint Project Accounting
Stay Audit Ready
Take the stress out of DCAA audits with built-in controls to segregate and allocate project costs in compliance with CAS and FAR.
Get Paid Faster
Improve cash flow and bill quickly with automation that reduces errors and provides greater visibility into project costs.
Make Better Decisions
Initiate pivots or shifts confidently with a clear financial view of your business and real-time data analysis powered by AI.
Features of Costpoint Project Accounting
Win and Deliver Better Contracts
- Outperform with greater cost control and estimates
- Ace pre-award audits by meeting DCAA SF-1408 criteria
- Spin-up projects faster on a unified accounting system
Earn a Gold Star from DCAA
- Make audits hassle-free with clear project cost traceability
- Speed up incurred cost submissions with pre-built schedules
- Leverage cost pools to simplify indirect rate allocations
Do More by Automating More
- Recoup more indirect allowable costs
- Identify inefficiencies and overruns more quickly
- Decrease AP/AR cycles with bills computed automatically
Scale Up with Advanced Accounting Functions
- Expand reach with multiple currencies and international EFTs
- Stay agile with public and private sector work on one system
- Ensure compliance by tracking subcontractor work assignments