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For Government Contractors DCAA compliance is a must and DCAA Audits are a reality.
For Government Contractors DCAA compliance is a must and DCAA Audits are a reality. DCAA compliance is just a part of doing business with the Federal Government Agencies and the Department of Defense (DoD). TimeLive’s QuickBooks Timesheet Solution provides the necessary help in documenting all DCAA requirements – in real time!
Monitor the overall integrity of the labor/timekeeping system
Login and password security
Changes to the TimeLive are captured by the software’s audit log that is viewable by the employee, supervisor and each system admin.
Assure employee awareness training about the importance of proper time charging
TimeLive provides live online video training, quick start materials and online help for managers and users
Effective authorization/approvals to accumulate and record labor costs to objectives
Multi-level approval routing process
Automated approval workflow & email notifications
Distribute labor to assure the proper recording of labor costs to objectives
Time tracking by project, account, and task through a defined overall budget
Employees can only charge time for the projects, accounts and tasks to which they have been assigned
Account for labor costs to ensure that labor charges to the government are in compliance with Cost Accounting Standards and contract terms/clauses
Defined rates to employees, accounts, and projects
Only administrators and project manager can override specific rates
Reasonably assure that labor transfers and adjustments are documented and approved
Reports to accurately reconcile various entries and charges
Entries are tracked throughout the lifetime of the system, all backed by an audit trail
Job Costing and Billing
Cost projects using any work breakdown structure. Extensive cost/billing rules allow you to assign applicable cost rates to any project, job or task.
Use multiple billing rate options by employee, customer, project or task.
Automated Request Handling
Time off and other requests require approvals and scheduling. And you want an audit trail for everything.
Entering timesheet for absent employees and who are travelling
An audit is maintained of who created the online timesheet and who entered each line of the timesheet so a supervisor can not enter a timesheet on behalf of an employee without this being recorded.
TimeLivel includes functionality for supervisors to enter timesheet on behalf of their employees
Record both paid and unpaid hours
Time Entry can be record for both paid and unpaid hours
Sufficiently detailed work descriptions
Projects/tasks descriptions, comment field available for each timesheet cell.
