What is DCAA compliance?

DCAA compliance refers to adhering to the standards and requirements set by the DCAA. The DCAA performs contract audits for the DoD and provides accounting and financial advisory services regarding contracts and subcontracts. The DCAA audits organizations that obtain government contracts to ensure timekeeping and accounting standards compliance.

Why is DCAA compliance important?

Compliance with DCAA standards is essential for contractors to be eligible for DoD contracts. Non-compliance can lead to increased scrutiny, more frequent audits, financial penalties, disallowed costs, and potential legal action. By achieving DCAA compliance, we demonstrate our commitment to meeting the highest standards for timekeeping and accounting practices.

How Rocketlane helps businesses comply with DCAA

Our platform is designed to help organizations meet DCAA requirements effortlessly, ensuring timekeeping and labor charging systems are accurate, transparent, and auditable. Here's how we support compliance in key areas:

Timesheet Preparation

1. Employees can record their time daily against appropriate projects and tasks, marking entries as billable or non-billable to track all hours worked.

2. Our project management features prevent mistaken time reporting on incorrect projects or tasks.

3. The platform allows team members to manage daily or weekly capacity and supports reporting overtime hours.

Timekeeping Policy

1. Our approval workflow requires supervisors to approve timesheets submitted by team members.

2. Role-based access controls ensure supervisors can review and approve timesheets without making changes or additions.

3. Time entries are tied to tasks or projects, ensuring correct allocation based on the nature of the work.

Labor Charging System 

1. Rocketlane allows for the definition and assigning of permissions for each team member, controlling their actions within the platform.

2. The timesheet filling and approval procedure is documented and provided to the team to avoid errors.

3. Continuous auditing is enabled through the team member library, ensuring everyone has the correct role and permissions.

4. All raw data is exportable for analysis to ensure compliance with the timekeeping policy.

This means that Rocketlane users can confidently manage their projects, knowing that their DCAA compliance needs are fully addressed. 

Want a detailed DCAA compliance guide? Download Rocketlane’s Free DCAA compliance guide to always stay on the right side of compliance.