WeWorked and the importance of DCAA compliance for government contractors.
Weworked is a popular cloud-based time tracking and project management software used by businesses worldwide. However, for government contractors in the United States, compliance with the Defense Contract Audit Agency (DCAA) is crucial. In this article, we'll take a closer look at Weworked and explore the importance of DCAA compliance for government contractors.
Importance of DCAA Compliance for Government Contractors
The Defense Contract Audit Agency (DCAA) is responsible for auditing and ensuring that government contractors comply with government regulations, including timekeeping and labor cost reporting. DCAA compliance is essential for any business that works on government contracts, as non-compliance can result in financial penalties and even the loss of a government contract.
To be compliant with the DCAA, businesses must maintain accurate records of employee time and labor costs. This includes tracking employee hours by job code and project, ensuring that timekeeping records are signed and dated, and keeping records for at least three years.
Weworked and DCAA Compliance
Weworked is an ideal solution for government contractors looking to maintain DCAA compliance. Its comprehensive time tracking and project management solution includes all the necessary features to meet DCAA requirements.
Weworked's time tracking system includes a mobile app and web-based platform that allows employees to easily track their time by project and task. The software also provides managers with real-time reporting on employee productivity, including project costs, employee hours, and labor cost analysis.
Weworked also offers a range of features that help businesses stay DCAA compliant, including customizable timekeeping policies, timesheet reminders, and audit trail reports. These features make it easy to track employee time and labor costs accurately and maintain a comprehensive record-keeping system.
Conclusion
For government contractors, DCAA compliance is critical, and Weworked is an excellent tool to help maintain compliance. Its robust time tracking and project management features, combined with its DCAA compliance capabilities, make it an ideal choice for any business that works on government contracts. By using Weworked, businesses can ensure they meet all the necessary regulations and avoid costly penalties.
Timesheet audit log
Be in complete compliance and prepared for an internal or DCAA audit. Here are some of the DCAA activities that are tracked and viewable in your account. Know when...
- Timesheets are submitted, approved, or denied
- A comment is added
- A task is added to or removed from a timesheet
- Time is entered or changed on a timesheet
- And much more!
Audit trail for projects
Nearly everything in WeWorked is logged. Whether you have to comply with Sarbanes-Oxley Act, DCAA, or simply want detailed records, WeWorked is the timesheet software you need.
WeWorked keeps detailed logs so you will be ready for an audit. Know when...
| DCAA Clause and Description | WeWorked Feature | |
|---|---|---|
 |
Record time on Daily Basis 2.302.1-1 |
Secure daily time entry for all users with unique Log-in and Password entry. |
|
The correct distribution of time by project numbers, contract number or name, or other identifiers for a particular assignment. 2.302.1-3 |
Name projects and use multiple fields to uniquely identify projects and/or their assigned users. Time logs allow detailed notes and descriptions. |
|
Recording all hours worked whether they are paid or not. 2.302.1-5 |
Employees to put in actual hours worked along with any paid or unpaid additional time. Email notifications remind user to enter time. |
|
The supervisor should approve and cosign all timecards. 2-302.2-a |
Timesheet approvals required by supervisor with accompanying audit trail. |
|
Proper segregation of direct costs from indirect costs. 2-301.2-a |
Create project tasks with descriptions and codes that coorespond to labor category with direct or indirect costs. |
Why WeWorked is the best timesheet software on the web
- Configure timesheets how you want.
- Organize everything by project.
- Time tracking is DCAA Compliant.
- Track expenses and review expense reports.
- Nonprofits easily track time and budgets.
- Customize timesheet tasks per project.
- Find people quickly with Instant Search.
- Add comments to timesheets.
- Telecommuting employees can complete timesheets from anywhere.
- Generate detailed time reports.
- Integrate invoices with QuickBooks.
- Automatic notifications when timesheets are denied.
- Easily invite people to start submitting timesheets.
- Complete control over leave types and leave accrual policies.
- Recover items accidently deleted.
- Get paid for your time with invoices.
- Time tracking from your mobile device.
- Automated leave request and approval process.
- Compare us to other time tracking software.
- Download our free timesheet template until you are ready.
- Time tracking for government contractors
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