Project Accounting for Government Contractors

Costpoint Project Accounting reduces government accounting complexity by centralizing the management of projects, people, finances and compliance in one solution.


DCAA Compliant Accounting for Government Contractors

Costpoint Project Accounting Overview

Thousands of government contractors trust Costpoint as their project accounting solution, enabling them to deliver on contracts and meet DCAA compliance requirements successfully. Costpoint Project Accounting for government contractors ties every transaction together—from journal entries to timecards to purchase orders, providing deep cost visibility and real-time intelligence across the project lifecycle. This ensures project teams are working from a single source of truth, while providing traceability to compliance regulations.

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Benefits of Costpoint Accounting Software For Government Contractors

Always Audit Ready

Always Audit Ready

Streamline DCAA audits with framework and controls for segregating and allocating project costs in compliance with the FAR.

Powerful Financial Analysis

Powerful Financial Analysis

Easily monitor financial performance at any project level to make data-driven decisions faster.

Built-In Functionality

Built-In Functionality

Purpose-built for government contractors with pre-configured dashboards and reports, plus support for cost-plus contracts.

Features of Costpoint Project Accounting Software

Deltek Costpoint Features

Financial Management from Bid to Invoice

Financial Management from Bid to Invoice

  • Win more contracts with competitive rate build-ups and support for pre-award accounting systems audits
  • Full front-office and back-office integration that streamlines hand-offs between Contracts and Project Control
  • Bill and collect quicker with automated invoicing and data verification to prevent invoicing errors
Segregate & Allocate Costs

Segregate & Allocate Costs

  • Create cost pools and simplify indirect rates and financial intelligence by managing down to the project level
  • Deliver more accurate incurred cost submissions for cost-plus contracts with pre-built schedules
  • Ensure audits are hassle-free with built-in traceability and reports that DCAA asks for by name
Accounting Process Automation

Accounting Process Automation

  • Flexible approval workflows to set thresholds and automate approvals
  • Help users simplify and speed-up month-end and year-end close with built-in navigation aides
  • Utilizes Intelligent Character Recognition (ICR) on scanned invoices to auto-populate accounts payable vouchers
Multi-Company & Currency Compatibility

Multi-Company & Currency Compatibility

  • Utilize Costpoint for international contracts with support for multiple currencies and exchange rate calculations
  • Leverage a multi-company setup to keep costs segregated between commercial and public sector work
Subcontractor Management Integration

Subcontractor Management Integration

  • Reduce duplicate entry in to separate systems for subcontractors by utilizing Costpoint Subcontractor Management
  • Accelerate billing and get paid faster with all financial information flowing into the same system
  • Manage funding for subcontractor work assignments with financial controls in place to ensure compliance

Costpoint ERP & Accounting Modules

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